Bank Ratings
October 3, 2008 at 12:36 am · Filed Under Personal Finance
A lot of people are worried about their banks failing right now. Unless you’re at a totally garbage bank, chances are if your bank fails it will just get bought out by one of the bigger (more capitalized) fish and you won’t have too many issues with it, but of course it depends on each specific situation. If you want to check up on your bank, you can always go to one of the bank rating services that you can find at the nice FDIC compiled list here. Bankrate is the only one that gives you the whole capitalization summary for free. Maybe I’ll sleep better knowing my bank is rated 4 out of 5 stars by them, but then again I don’t know what they rated WaMu three months ago.
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