Do You Know of Anymore Banks That Might Failed?

United States
December 7, 2009 12:55pm CST
Banks are going under quickly and I don't know if it is best to keep my money in any. I want to find a bank that pays high interest on my money. Any ideas anyone? Thanks
1 person likes this
2 responses
@mari61960 (4893)
• United States
7 Dec 09
I don't know what part of the US you are in so I can't help with a local bank. I use Sovereign Bank and they are in a good position. I can however recommend an online account with ING Direct. ING DIRECT - http://home.ingdirect.com/# Orange Savings Variable 1.30% APY The savings account for savers * High interest * No fees * No minimums Watch your savings grow... before the fall of the economy the interest rate was over 4%. Hopefully as we recover the rate will go back up....and soon I hope. I have had an account with them for several years with no problem whatsoever. Good luck, I hope this helps. No minimum so you can even start your account with one dollar. Brightest blessings, Mari
@benny128 (3615)
7 Dec 09
I think the banking system is quite stable now, I believe the worst is over. Not sure if its the same in your country but here in the uk the FSA guarantee upto £50,000 of your money should a bank collapse. Though interest rates are shocking at the minute.