Sound - Solid Banks: does it really matter?

behaviorkeltonDecember 1, 2008

I have been attempting to look at the ratings of the various banks in my area for soundness.

The idea is to have my savings located in a bank that is unlikely to go "under".

Given that most accounts are FDIC insured, does it really matter if my bank is given a full "5 Star" rating?

Thanks

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arizonarose

Our bank Downey Savings out of California just went uder last week. Another bank took over and nothing has changed for us. Same direct deposits and bill pay etc. I don't think it matters as long as it's FDIC.

    Bookmark   December 1, 2008 at 6:43PM
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arizonarose

that would be UNDER

uder=under

    Bookmark   December 1, 2008 at 7:34PM
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joyfulguy

If you'd added a "d" instead of the "n" ...

... maybe it could have given some nourishing milk.

ole joyful

    Bookmark   December 2, 2008 at 5:13AM
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