Personal Investment Notes

Are you worried if your bank is safe? See how your bank or credit union rates with Bankrate. Their proprietary Safe & Sound ranking system rates banks on financial strength and stability. They apply 22 tests to a financial institution to measure:

• Capital adequacy
• Asset quality
• Profitability
• Liquidity

Though not an exclusive piece of information to make a banking decision on, it is very helpful to see where your bank rates. Note that these rankings are updated quarterly.

Another handy link is the one to the FDIC in which you can tell if your bank is FDIC insured. You can learn how deposit insurance works, find out whether your bank is FDIC insured, and other important tasks.

Doug