»»»»»»»» Safest Banks – How to Find the Safest Banks for Your Money…

After watching big banks fail, it’s no wonder people want to find the safest banks for their money. While some people might consider their mattresses the “safest banks” these days — theft and fire and disaster make hiding most of your money at home an unwise option.


So how do you find the safest bank for your money?


Follow the below tips to try and keep your cash safe…

Tips to Find the Safest Banks for Your Money

Notice I wrote “safest banks,” plural, not “bank,” — not putting all your eggs in one basket can be a wise option. Spread your money around among several financial institutions that you’ve researched per the below tips, and don’t pile it all up in one stock or one bank.

»»»» First of all, find the safest banks by checking the banks’ strength rating bank at BankRate.com »»»»

For example, as of this writing my Chase Bank’s rating is wonderful at 5, while my National City bank account doesn’t look like the “safest bank” rate at 1.

»»» Keep track of what may not be the “safest banks” by studying Bank Implode’s list of banks with write-downs and distress signals…»»»

»»» Find out which banks have already failed…»»»»

»»»» Sign up to be notified immediately of bank failures from the FDIC…»»»»

Read Suze Orman’s “My FDIC” advice about the safest bank moves – Watch the Today Show Video:

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