Just moved my $ from eTrade Savings account. eTrade msg said $ will xfr only

[Rich]

tomorrow @6PM. Am I safe ? Perhaps eTrade will bounce back like Countrywide did but who knows... even if eTrade is FDIC insured, I can't imagine the government just writing me a check for what I had in my savings account if the company folds.

[sup]

The money is FDIC insured so you would not have to worry about it. The FDIC would most likely put the money in your account the same day that a bank declares bankruptcy. However, there is a time period for the money to be available for everyone so you should be out way before that happens.

[Dom]

If E Trade is insured by FDIC, then you are protected up to $100,000. Any amount after that will be lost. If E Trade does go under then it will take awhile but you will get your money back. So don't worry about it.