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1.5% APY 10-Month CD At Luther Burbank Savings In Beverly Hills, CA

Wednesday, November 3, 2010 - 1:11 PMLuther Burbank Savings - Details
Luther Burbank Savings is offering a 10-month CD special at 1.5% APY, at its newest office, in Beverly Hills, CA.

This special is NOT posted on their Website. I just phoned them this morning. 
me1004me1004373 posts since
Jan 16, 2010
Rep Points: 2,598
1. Friday, November 5, 2010 - 1:14 PM
Apologies if this is a stupid question but is this CD FDIC insured? There is a notice on their home page stating they have chosen NOT to participate in the FDIC's Transaction Account Guarantee Program and - Customers with noninterest-bearing transactions accounts will be FDIC insured up to $250,000. Since this product IS interest bearing does it mean the funds are not FDIC insured?  Thank you and I look forward to your reply.
mismotmismot2 posts since
Mar 6, 2010
Rep Points: 8