Ask the Dolans: How can I find out if my bank is safe?
Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday.
Eleven banks have now been claimed by the FDIC this year and more institutions are at risk of failure now than at any time in the last five years. Talk about a big flashing sign that this banking mess is far from over!
So how do you know if your bank is safe? Making sure it is FDIC insured is a good first step (learn how this insurance works here), but it isn't always enough. Here's how to find a secure bank to protect your deposits.
Dear Ken and Daria,
With all the recent bank failures, how can I find out if my bank is safe?
Are you concerned about the safety of your money? Learn how the FDIC and latest bank failures affect you at Dolans.com.