High Cd Rates

For example, Countrywide and IndyMac Bank. I know they have experienced financial problems and credit mess recently, but they seem to offer some very good CD rates. I would like these rates, but do not know if I would be reluctant to give it a go for fear of bankruptcy. Would my CDs are not affected if this happened?

Bank CDs are insured by the FDIC up to $ 100,000 as long as it is not a giant, which is more than $ 100,000, you should be allowed.