How can I find out the safety rating of my bank?

1 Answer

Answer :

Check out http://ratebrain.com for the best savings rates I don'g know other than making sure it it FDIC insusred. I am rather wary of a small or large bank I have not heard of. Is there any way to make sure it is a legitimate bank in good financial condition? Here's a link to an article about checking your bank's safety rating as well as a link to bankrate's bank safety calculator, both of which should be helpful: Article: http://blog.al.com/businessnews/2009/01/has_your_banks_safety_rating_t.html Bankrate.com safety calculator: http://www.bankrate.com/rates/safe-sound/bank-ratings-search.aspx And last, a link to "Many Ways to Check a Bank's FDIC Status" from bankrate.com: http://www.bankrate.com/finance/cd/many-ways-to-check-bank-s-fdic-status.aspx

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