Is Your Bank Safe?

So most of you know that over 100 more banks are now under a deathwatch by the FDIC.  How can you prevent this from happening to you?  Well, the obvious part is to never keep more than 100k in one bank.  But lets say you just don’t want the hassle of a bank failure to affect you.  Well then choose a good bank!

I know, you’re thinking, I don’t know how to read all those fancy schmancy financial documents.  But wait, there’s someone who will do it for you.  Bankrate.com’s Safe and Sound evaluates banks to see how good of shape they’re in.  My credit union gets a C score.  I’m okay with that because they have a ton of things that I require in a credit union, but be assured, I’ll be checking back to bankrate.com frequently to see if it’s been downgraded.

Link to the bankrate.com tool.