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Banks with the Best Ratings

Category: Bank Profiles- gotalkmoney.com- 8:09 am/ October 1, 2008

Some people have e-mailed me asking if this bank is safe or no, etc.  I’m going to use BankRate.com’s bank rating system (the one we use on the site) and I’ll list all the banks that are in the Top Ten as of October 2008 with a rating of 4 or higher.  Here’s the list –

EverBank - http://www.everbank.com 
[3 month CD @ 4.02%, $1,500 min]

Ascencia - http://www.ascenciabank.com
[6 month CD @ 4.07%, $500 min]

Giant Bank - http://www.giantbank.com
[6 month CD @ 3.56%, $2,500 min]

AmTrust Direct - http://www.amtrustdirect.com
[1 year CD @ 4.30%, $1,000 min]

Advanta - http://www.advanta.com
[18 month CD @ 4.50%, $10,000 min]

Discover Bank - http://www.discoverbank.com
[18 month CD @ 4.39%, $2,500 min]

iGObanking - http://www.igobanking.com
[18 month CD @ 4.30%, $1,000 min]

1st Source Bank - http://1stsourcebank.com
[2 year CD @ 4.45%, $5,000 min]

OnBank - http://www.onbank.com
[3 year CD @ 4.70%, $500 min]

M+T Bank - http://www.mandtbank.com
[3 year CD @ 4.50%, $5,000]

Capital One - http://www.capitalone.com
[5 year CD @ 5.05%, $5,000]

There you have it, all of these banks have a star rating of 4 or higher.  Generally, when a bank has a 4 star rating or higher, they tend to have a pretty safe outlook.  This doesn’t mean you should avoid the lower star rated banks.  As long as you keep your accounts under the FDIC limits, your money will be fine.

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