Is anyone else wondering if their money is safe in their banks?

1 Answer

Answer :

answer:I doubt there is such a site. I asked a similar question about retail establishments once and someone pointed out the logic that if you announce a weakness of any particular entity it will further undermine it…...by creating a panic. I don’t know where else you could put your money. It is safer there than in a cookie jar. Make sure your bank is FDIC insured and that you fall under the threshold for the insurance. (Typically $100,000/depositer). One thought would be to spread your money amongst several institutions so that if any one of them folds you will still have immediate access to cash. There is a lag time between the bank closing and you having actual access to your cash even if FDIC insured.

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