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Old 09-18-2008, 07:49 AM
 
Location: OH->FL->NJ
2,741 posts, read 4,098,145 times
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Is their a site that gives bank stability ratings? I have PNC and wonder about their health
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Old 09-18-2008, 08:20 AM
 
Location: New Jersey
1,349 posts, read 1,864,467 times
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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
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Old 09-18-2008, 08:23 AM
 
Location: Ocean County
3,850 posts, read 6,120,588 times
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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.
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Old 09-18-2008, 08:29 AM
 
Location: OH->FL->NJ
2,741 posts, read 4,098,145 times
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PNC gets a passing grade FWIW
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Old 09-18-2008, 08:31 AM
 
Location: New Jersey
1,349 posts, read 1,864,467 times
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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.
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Old 09-18-2008, 09:44 AM
 
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You have to wonder if the collapses continue if FDIC will be in tact....
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Old 09-18-2008, 09:58 AM
 
3,248 posts, read 6,263,677 times
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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
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Old 09-18-2008, 10:31 AM
 
Location: New Jersey
1,349 posts, read 1,864,467 times
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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.
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Old 09-18-2008, 10:44 AM
 
Location: Pittsburgh, PA
155 posts, read 418,040 times
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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
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Old 09-18-2008, 12:46 PM
 
380 posts, read 763,246 times
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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.
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