Is Your Family's Bank Safe and Sound?

Once upon a time, banks were the "safe" place to put your money. But the mortgage-based credit crisis has changed all that. As the daily headlines carry more bad news about bank failures, how do you know if your family's money is safe in the bank?

Bankrate.com's new tool, Safe & Sound® ratings, gives your bank (or credit union) a score from 1 (excellent) to 5 (uh-oh) based on a series of 22 tests designed to measure the capital adequacy, asset quality, profitability and liquidity of each financial institution.

Check out your bank's Safe & Sound® rating today.

Ben Utley CFP® is The Physician Family Financial Advisor. Through his fee-only financial planning and investment advisory firm, he helps physician families who achieve financial security that can last a lifetime. To learn more, visit the Physician Family Financial Advisors website or call 888-465-0899.

Comments

[Bill]

Hi Ben,

Hope all is well and that profitable business endeavors are keeping you busy! It's been a while since your last update.