Beware Your Banker -- He May Be a Broker

You walk into your bank seeking safety -- but that safe haven has now become a danger zone. Consumer beware!

You trust your bank to provide only secure, FDIC-insured deposits. But you want higher yields than the bank certificates of deposit, where those 6-month CDs are currently paying less than 2% at most local institutions.

Now you're in the danger zone.

It's happening mostly to seniors, desperate to squeeze every last drop of interest from their remaining cash. But the desire is hitting all savers who want safety and more yield. And it's given new meaning to the term "money in the bank." ...