Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I have Certificates of Deposit (CDs) at both Butte Community Bank and Rabobank. Are both of those FDIC insured?

April 26, 2017Bank Butte cds certificates deposit FDIC insured rabobank

0

Posted

I have Certificates of Deposit (CDs) at both Butte Community Bank and Rabobank. Are both of those FDIC insured?

1 Answer

0

Posted

Yes. Butte Community Bank CDs opened on or before August 20, 2010 will be insured separately by the FDIC for a time period (typically at least six months, depending on details concerning the CD), up to maximum FDIC insurance limits. Butte Community Bank CDs opened after August 20, 2010 will be combined with all other Rabobank, N.A. accounts to determine FDIC insurance.