Quote:
Originally Posted by wheatrich
I'd never consider for a second touching an escrow. Shame most people aren't that way.
How is 2p2 a bunch of spook experts all of a sudden.
I guess it depends on what you mean by touch. If I had an escrow for 10K for years, I'd don't think it would be wrong to stick in in a high yield savings account and keep the interest.
I guess if the bank went belly up, I'd replace the 10K myself and collect on the FDIC insurance whenever that comes in. I'm comfortable accepting that tiny risk.
After all, I have to keep it somewhere, so I might as well do that. As far as safety goes, it doesn't get a whole lot better than that.