Is Your Bank Safe?

By on

The FDIC just released a list of more than a hundred troubled banks. Is yours one of them? More importantly… should you care?

The FDIC’s “Troubled Bank” List currently contains more than 100 banks which were recently revealed as having capital issues. But, let’s just keep things in perspective. According to the FDIC, during the banking crisis in 1987, that same list had more than 2,000 names on it.

That being said, there’s nothing wrong with monitoring your bank’s safety, especially when it’s so easy. The FDIC doesn’t release their list to the public, but they do analyze institutions which will provide you with a rating for your bank. Check out your bank’s Bankrate.com Safe & Sound Rating

If you’re still worried about your bank (better safe than sorry), make sure it’s FDIC insured, and read up on what that insurance means. Just remember the last banking crisis and keep things in perspective.

Sign up for our free newsletter

Like this article? Sign up for our newsletter and we'll send you a regular digest of our newest stories, full of money saving tips and advice, free! We'll also email you a PDF of Stacy Johnson's "205 Ways to Save Money" as soon as you've subscribed. It's full of great tips that'll help you save a ton of extra cash. It doesn't cost a dime, so why wait? Click here to sign up now.

Check out our hottest deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,126 more deals!

Comments & discussion

We welcome your opinions, but let’s keep it civil. Like many businesses, we reserve the right to refuse service to anyone. In our case, that means those who communicate by name-calling, racism, using words designed to hurt others or generally acting like an uninformed bully. Also, comments that include links to email addresses or commercial websites typically aren't posted. This isn't a place to advertise your business.