HOW SAFE IS YOUR BANK?

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As the list of failed banks continues to grow, you might be wondering how safe your funds are at your local bank. With over seventy failures this year, how do you know if your bank will be next?

The best thing you can do is make sure your bank is covered by FDIC insurance (it probably is). Never put your savings into a bank that isn’t covered by FDIC insurance. FDIC insurance protects your deposits up to $250,000 per depositor. No depositor has ever lost a penny of FDIC insured deposits. With that insurance protection, the issue of bank safety is practically irrelevant. To confirm a bank is FDIC insured, you can search for your bank using the FDIC Bank Find tool.

CLICK HERE TO FIND INFO ON YOUR BANK
Note: Before you can retrieve the information you are required to read the disclaimer.

Source: The Consumerist