How to Check Bank Ratings


When you deposit your money in an insured bank, up to $250,000 is protected by the Federal Deposit Insurance Corporation, as of 2011. This means that if your bank fails or goes under, you will not lose your money. Even when they are using an insured bank, many people prefer to avoid the inconveniences of a bank failure. To ensure that your bank is sound and is not likely to fail, check its rating before depositing your money. Just like a person's credit rating, a bank rating indicates financial fitness.

  • Go to the website of BauerFinancial, Inc. (see Resources).

  • Click on the link labeled "Bank Star Ratings" on the left-hand side underneath "Quick Links."

  • Select the state in which the bank is headquartered from the pull-down menu. This is not necessarily the state in which you live. If you are not sure where the bank's headquarters are, leave this field blank.

  • Type the name of the bank in the field next to "Institution." Do not include the word "the" if this is in the name.

  • Click "Search."

  • Scroll down to view the results. There may be multiple results. Find your bank in the results list.

  • Check the number of stars the bank has to the left of its name. A bank that has two stars or less has an undesirable rating. Three stars is "adequate" and four is "excellent." Five stars is "superior."

Tips & Warnings

  • and the Moody's Investors Service, Inc. website also offer independent bank ratings, free of charge (see Resources).
  • Ask your bank's representatives if they are insured by the FDIC before opening an account with them.

Related Searches


  • Photo Credit Thinkstock/Comstock/Getty Images
Promoted By Zergnet



You May Also Like

  • Banks With Best Interest Rates

    Interest is the money paid by a financial institution to customers who maintain an interest-bearing account. Rates fluctuate from day to day,...

  • How to Check for a Bank's Credit Rating

    When a consumer looks to open a checking account, he doesn't always think to look into the bank's history. When that same...

  • How to Find the FDIC Bank Watch List

    The Federal Deposit Insurance Corporation is a government agency who insures banks for up to $250,000 per account in case of banks...

  • How to Find Bank Ratings

    When it comes to saving your money, you want to be involved with a successful and trustworthy bank. Luckily, there are online...

  • How to Check a Bank's Solvency Ratings

    The solvency of your bank may concern you, especially when the global economy experiences a downturn. As of July 2011, more than...

Related Searches

Check It Out

4 Credit Myths That Are Absolutely False

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!