John Dillenger: Banks. That's Where the Money Is. The Fed: CDs. That's Where the Money Is Well, it's now apparent. American insured savings accounts were FDIC insured up to $100,000 against everything except Alan Greenspan and his (wink) "Federal Reserve" – a government created monopoly of bankers. An insured Certificate of Deposit of $50,000 today, earning the 1-year average interest rate (2.04%) and shrinking by a disclosed Congressional banking committee inflation rate (12%) will be worth $45,020 one year from now, before taxes. At the same time, prices and inflation continue to rise. Banks such as Wells Fargo, who are … Continue reading The Great CD Rate Robbery