Saftest Saving Bank

[fake_usa]

Which savings banks do you guys feel are the most stable right now to trust your money with?

I have my life savings in an Etrade savings account and also in ING high yield checking account.

I was thinking about pulling my money out of Etrade,, the stock is so low and I'm afraid they may fold up.

What does every one think?

Thanks,

[Scanner]

All the banks are in trouble of toppling so there really isn't any one safe bank until they are nationalized.

Just stay under the FDIC limits whereever you are.

[fake_usa]

Which would you consider the top three?

[poundwise]

All the banks are in trouble of toppling...

This is a dramatic overstatement.

...stay under the FDIC limits whereever you are.

This is sound advice.

[disneysteve]

All the banks are in trouble of toppling so there really isn't any one safe bank until they are nationalized.

Just stay under the FDIC limits whereever you are.

I agree with the 2nd statement. I totally disagree with the first. Not all banks are in trouble. In fact, I just had that conversation last night with a relative who works for a local bank. Their balance sheet is spotless, on subprime loans, no risky debt, no bailout money, nothing. They are doing very well. The problem is that investors are avoiding all banks because of what is happening with a few big names like BoA and Citi. It is having an impact on the banks that are sound because they can't raise money to keep doing what they do.

As long as your account is FDIC insured and you stay under the limit, it doesn't matter what bank you deal with.