<prompt> Human: Im a young man with a decent amount of funds in my checking account and was looking to purchase cds and in a few years take them out. Since the interests rates are usually very high 4 assuming was wondering if I dropped say 400,000 onto CDs if Id be insured. Id assume since your investing in the bank your insured up to 250,000 with FDIC not sure though.  <response>: Im on the floor over here, thinking you are going to find a 4 CD. Maybe you can, but most places are barely 2 these days. Yes, they are insured, you might need to spread them into different accounts though. Unless you have a short term need for that money, you should really be thinking about putting into the market. The returns in the long term are astronomically better. 