Walden Mutual Bank (Concord, New Hampshire) has announced that they will be offering an FDIC insured 100-year CD paying 4.75% with various options including non amortized interest (i.e., the interest pays out each year). 10-year interest penalty for early withdrawal.
Not my personal couple of tea, but could be part of a balanced portfolio.
https://www.waldenmutual.com/post...le-banking
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Ok Y2K
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Not my personal couple of tea, but could be part of a balanced portfolio.
https://www.waldenmutua
https://banks.data.fdic
Yep. A lot of uninformed fools. Fiat currencies always collapse. Central Bank Digital Currency (CBDC) will replace. Expiring currency. Control everyone's thoughts, actions, ownership, employment. As it is currently done in China. All portfolios absorbed into the CBDC. Pensions, social security or retirement accounts all confiscated and absorbed into the BORG.
With the FDIC guarantee (which will pay your principal if the bank fails in the next cebtury) this is basically an FDIC guaranteed annuity.
as to whether the FDIC would be worried about this, that may depend on their ALM. if the bank has a lot of long-term loans that can't be prepaid that it may just be the credit risk of those borrower.
* "and automatically withdraw the interest penalty free on an ongoing basis without ever touching the principal"
With the FDIC guarantee (which will pay your principal if the bank fails in the next cebtury) this is basically an FDIC guaranteed annuity.
* "and automatically withdraw the interest penalty free on an ongoing basis without ever touching the principal"