Monitoring Bank Safety On-Line
Bank failures and the ongoing turmoil in the financial markets have many individuals concerned about the stability of their own banks. Of course, even in the face of a bank failure, investors have some protections. The Federal Deposit Insurance Corporationguarantees deposits at federally insured banks while the National Credit Union Administration covers deposits at credit unions.
Another measure of bank safety is the financial strength of your bank. There are several entities that measure the safety and financial strength of various banks.
If you want to find out if your bank is safe, and to learn more about the FDIC and NCUA, these Web sites can help.
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