U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Unread 09-18-2008, 06:49 AM
 
Location: OH->FL->NJ
2,742 posts, read 3,678,531 times
Reputation: 914
Default Is their a site that gives bank stability ratings? I have PNC and wonder...

Is their a site that gives bank stability ratings? I have PNC and wonder about their health
Reply With Quote Quick reply to this message

 
Unread 09-18-2008, 07:20 AM
 
Location: New Jersey
1,126 posts, read 1,426,441 times
Reputation: 628
bankrate provides ratings on financial institutions (banks, credit unions, etc)

link - Bankrate.com -- Safe & Sound (tm): Bankrate's free rating system for banks, thrifts, credit unions
Reply With Quote Quick reply to this message
 
Unread 09-18-2008, 07:23 AM
 
Location: Ocean County
3,597 posts, read 5,255,345 times
Reputation: 1969
Be alert for some banks that offer high rates. Washington Mutual last week in a desperate need to raise money offered 5 percent CDs for only one year. Guess what they are looking for a buyer today.
Reply With Quote Quick reply to this message
 
Unread 09-18-2008, 07:29 AM
 
Location: OH->FL->NJ
2,742 posts, read 3,678,531 times
Reputation: 914
PNC gets a passing grade FWIW
Reply With Quote Quick reply to this message
 
Unread 09-18-2008, 07:31 AM
 
Location: New Jersey
1,126 posts, read 1,426,441 times
Reputation: 628
Quote:
Originally Posted by JERSEY MAN View Post
Be alert for some banks that offer high rates. Washington Mutual last week in a desperate need to raise money offered 5 percent CDs for only one year. Guess what they are looking for a buyer today.
that is debatable! if the institution is FDIC insured and your deposit are under 100k, it is practically safe. FDIC do have enough funds at the moment - unless a few BIG banks fail.
Reply With Quote Quick reply to this message
 
Unread 09-18-2008, 08:44 AM
 
5,343 posts, read 8,420,538 times
Reputation: 1114
You have to wonder if the collapses continue if FDIC will be in tact....
Reply With Quote Quick reply to this message
 
Unread 09-18-2008, 08:58 AM
 
3,159 posts, read 5,561,757 times
Reputation: 1846
Quote:
Originally Posted by ottomobeale View Post
Is their a site that gives bank stability ratings? I have PNC and wonder about their health
Bank Ratings
Reply With Quote Quick reply to this message
 
Unread 09-18-2008, 09:31 AM
 
Location: New Jersey
1,126 posts, read 1,426,441 times
Reputation: 628
Quote:
Originally Posted by EEEPNJ View Post
You have to wonder if the collapses continue if FDIC will be in tact....
yup, but if Fed is flexible enough to help AIG and BS, why would it not help FDIC? Fed has more of a moral responsibility to back FDIC before it backs any of these public entities that are purely profit driven and failing due to their greed.
Reply With Quote Quick reply to this message
 
Unread 09-18-2008, 09:44 AM
 
Location: Pittsburgh, PA
155 posts, read 364,446 times
Reputation: 55
PNC doesn't do primary or first mortgages (only home equity loans or lines of credit) so they don't have to worry as much about the foreclosure mess
Reply With Quote Quick reply to this message
 
Unread 09-18-2008, 11:46 AM
 
372 posts, read 630,925 times
Reputation: 186
Quote:
Originally Posted by davenj08 View Post
yup, but if Fed is flexible enough to help AIG and BS, why would it not help FDIC? Fed has more of a moral responsibility to back FDIC before it backs any of these public entities that are purely profit driven and failing due to their greed.

FDIC is backed by the full faith and credit of the United States Govt, so as long as you keep accounts within insured limits I would not worry too much. I think it's still best to spread things around though, and personally I'd stay away from WAMU; I really would not want to find out first hand how to go about making an FDIC claim.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $74,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top