• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Check your bank's rating at Bankrate.com

KCI

TUG Member
Joined
Jun 6, 2005
Messages
1,212
Reaction score
1
Points
248
Location
Venice, FL
Many of our local banks are offering better CD rates than the big banks, but are they a safe bet? You can find each bank/Thrift/Credit's Union rating on Bankrate.com. Just go to: http://www.bankrate.com/brm/safesound/ss_home.asp and select one of the five selection criteria and follow instructions. If you find a CD rate that seems to be better than all the rest, you should check out the banks rating before investing. Many banks that are in trouble offer higher rates to mask the problem.
We have 3 local banks in our area (Bluffton, SC) offering 4.35% APY and I checked all 3 on Bankrate. 2 had a mid range (normal) rating and the third had a poor rating. I know CD's at protected by FDIC, but why go looking for trouble. They explain the rating system on the web site. In this day and age we can't be too careful.
KCI's wingman
 

Mimi39

TUG Member
Joined
Jun 6, 2005
Messages
399
Reaction score
0
Points
16
Location
Hollister, CA
That's for posting -- I'm happy to have found out my bank has a good rating!
 
Top