2011 Rising-rate CD survey
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Online CDs: the road to higher yield?

Look for FDIC insurance
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Look for FDIC insurance

When chasing yields, make sure your online CD is insured. Not every bank offers FDIC insurance, and it's crucial. If a bank fails, you'll get your money back.

Bankrate's CD rate search tool only includes FDIC-insured banks. FDIC deposits are insured up to $250,000 per account. The FDIC also has a "bank find" tool that scouts out insured banks nationwide. The tool also gives you information on the bank, such as where it is headquartered and where its branches are located.

"Be careful about FDIC limits," Hopwood says. "People sometimes get into trouble when the bank fails and they're over their limits."




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