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Thursday, February 15, 2007

Sites promising high interest rates on bank deposits

Bankrate.com's article discusses the need to be wary of web site listing phony internet-only deals on CDs, savings and other bank accounts. Things to watch out: the site is promising too good of a deal to be true.Similarly, the bank may not be FDIC insured.

As always, it's best to careful of unknown sites and not fall for excellent deals they may be promoting. Not only they can cause the loss of your money but it can also result in sensitive personal information such as SSN etc falling into the hands of wrong people who can then use it for identify theft and other wrongful reasons.

posted by Ruby @ 6:28 AM

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