CAROL ROTH: The money in your 'safe' savings account could vanish overnight

Most Americans believe that putting money with a trusted bank or credit union is safe — that they can set it and forget it. But doing that could just make your money disappear from your account!

My cousin called me in a panic last week. A retiree, she had put her savings (a six-figure sum) into a savings account with a credit union.

This was her life’s savings, and she received quarterly statements that showed monthly deposits of interest. She watched her balance grow. ---More...