Is Your Bank Safe – Does Size Matter?
With the failure of several large banks in this country, concern over the banking industry is merited. Since size doesn’t seem to be an issue, both small and large banks cannot be immune from the possibility of failure.
Fortunately we have safeguards in place to protect and insure funds on deposit. Deposits are insured by the FDIC up to a limit of $100,000 per depositor. The question in considering your bank and other banks is how do you know if it is safe? While no method is foolproof, there are indicators of trouble or potential troubleRead more at annuityleads.ca