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Sound - Solid Banks: does it really matter?

Posted by behaviorkelton (My Page) on
Mon, Dec 1, 08 at 16:24

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


Follow-Up Postings:

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RE: Sound - Solid Banks: does it really matter?

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.


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RE: Sound - Solid Banks: does it really matter?

that would be UNDER

uder=under


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RE: Sound - Solid Banks: does it really matter?

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

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

ole joyful


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