Tuesday, January 8, 2008

How Healthy Is Your Bank

I stumbled across an interesting page on Bankrate.com today. Using what they call their "Safe & Sound" system you can look up your bank and see generally how its financial stability is compared to its peers. If you have your money in an insured account such as a FDIC savings account or SIPC brokerage account and are under the insured limits you don't have much to worry about -- however, it's still interesting to see how your bank fares.

Ratings are broken down as follows:

Safe & Sound CAEL rating system

Safe & Sound CAEL rating Definition Star rating
«««««
««««
«««
««
«

Image by: PixelJones @ Flickr