Can i trust online CD accounts?

I found a good online bank offer with good cd rates through bankrate.com. Its third federal state %26amp; loan. Since everything is through internet and mail, Do you think its ok to go ahead and make an account with them? What steps can I do to ensure security first? Any opinions?

Can i trust online CD accounts?va loan

Go to a local bank. Find some bankers that you feel you like %26amp; trust and let them do business with you. It%26#039;s good for your community and if there is a problem you can go to the bank and try to work it out face to face. You%26#039;ll be glad you did!

With online business you can feel like your dealing with outer-space;)

Can i trust online CD accounts?

loan

A lot of banks w/ online presences started out as bricks %26amp; mortar institutions, so you should be fine.

Go to the bank%26#039;s website, check out their credentials. See where they get their state charter from and, if you wish, head over to that state%26#039;s website to see if their record is clean. Make sure their FDIC charter is also clean. Go ahead a call their phone number (the reputable ones have a customer service center, even the online only ones) just to see if they really exist.

I%26#039;ve dealt w/ online-only banks in the past for CDs and have had no problems closing my accounts when the CDs matured, or receiving 1099s after the 1st of the year.