What are the current safest banks here in Washington, D.C. ?I am thinking establishing a savings account here in D.C. where I live ( maybe possibly in virgina but close to D.C. ) . My question is who what are the currently most safest banks here in Washington, D.C. ? | |
All banks are safe, at least here in the u.s. They all have FDIC protection. And I would know, since I had money in Washington Mutual when it went 'belly up'.
The office of thrift supervision took it over on a Friday & Saturday I was able to withdraw $100 from my account at an atm. A few days later I found out I was a new customer of JP Morgan Chase.
Look for the one, that has the lowest costs, most atm's, best services, etc.
I would recommend a federally-insured credit union over a commercial bank, assuming that you have access to a credit union through your workplace. Credit unions tend to be less risky in their loan practices, and since they are by law set up as not-for-profit enterprises, they tend to be more customer focused than banks.
Nationwide, credit unions have proven much safer than banks. Since both banks and credit unions are almost always federally insured, it doesn't matter too much, but it's nice to know that they aren't going to shut down, making you wait for a federal officer to give you a check for the money you had on deposit.
Alber
Look to convenience... your accounts will be insured by the FDIC. If you are depositing $100K or more then you can / should be more concerned.
I prefer the major banks, B of A, Chase, US Bank, Wells Fargo. But any bank that is convenient is o.k.. up to $100M
Soccerref
the FDIC will protect all accounts -ask you banker for more info. meet with a financial planner to take care of your savings & use a checking account at any bank for bills, etc. get referrals from family & friends.
I'm thinking the White House, give it to Obama and you won't have to worry about anyone ever getting it out of there.
