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Shop Bank Accounts, Find The Best Banks

Posted by: RateAPY Bank Rates News
March 12th, 2010

FDIC Bank Accounts Always Safe

According to the FDIC, over 100 banks were taken over in 2009. Several more banks have folded so far this year. As weak banks are sold and taken over by stronger banks, the banking world gets healthier. Your FDIC insured deposits are always safe. In the history of the FDIC, not one insured penny was lost.

Look for the Best Banks

The upheaval in the banking world means it’s time to shop. The stronger, remaining banks are aggressively trying to capture new market share. That means that many banks are running specials to attract your business. Even if you have had your money on deposit with the same bank for many years, you should consider looking at other banks to see what could be available for you.

Shop for the best interest rates on savings accounts, money market accounts, and certificates of deposit today.