Comments on: Bank of America – Will They Survive http://www.bank-cd-rates.net/top-cd-rates/2009/03/07/bank-of-america-will-they-survive/ Simplifying Your Rate Search Wed, 27 Jul 2011 13:13:16 -0700 hourly 1 http://wordpress.org/?v=3.1.1 By: CD Rates Blog http://www.bank-cd-rates.net/top-cd-rates/2009/03/07/bank-of-america-will-they-survive/comment-page-1/#comment-2589 CD Rates Blog Fri, 14 Aug 2009 03:25:12 +0000 http://www.bank-cd-rates.net/top-cd-rates/?p=127#comment-2589 Both Bank of America and Wachovia are rated 3-stars. Bank of America's profit is larger than most banks. :O) I don't think you have to worry about them failing. They just tend to offer low rates. Wachovia is actually being taken over by Wells Fargo I believe. Regardless of the Bank, I'm always concerned with having uninsured deposits there. So consider spreading things around. There are numerous banks out there offering decent rates. Look at Ally Bank, Discover Bank, etc. You might also look at some credit unions. Alliant Credit Union has a 2.15% for 1Y I think. Both Bank of America and Wachovia are rated 3-stars. Bank of America’s profit is larger than most banks. :O) I don’t think you have to worry about them failing. They just tend to offer low rates.

Wachovia is actually being taken over by Wells Fargo I believe.

Regardless of the Bank, I’m always concerned with having uninsured deposits there. So consider spreading things around. There are numerous banks out there offering decent rates. Look at Ally Bank, Discover Bank, etc. You might also look at some credit unions. Alliant Credit Union has a 2.15% for 1Y I think.

]]> By: Floyd W. Ball http://www.bank-cd-rates.net/top-cd-rates/2009/03/07/bank-of-america-will-they-survive/comment-page-1/#comment-2587 Floyd W. Ball Fri, 14 Aug 2009 01:37:06 +0000 http://www.bank-cd-rates.net/top-cd-rates/?p=127#comment-2587 My wife has a sister that recentely had a stroke and has close to a million dollars invested in Bank of America. Including over $200,000 invested in a Wachovia Bank that is now placed with Bank of America. What is currently the status with Wachovia Bank and how is these two Banks rated? 1-2-3-4 or 5 star banks?? We are in the process looking at other Florida Banks to place her investments. Trying to find out the ac tual rating of Bank of America & Wachovia. Would appericate feed back e-mail shown above. Floyd W. Ball My wife has a sister that recentely had a stroke and has close to a million dollars invested in Bank of America. Including over $200,000 invested in a Wachovia Bank that is now placed with Bank of America. What is currently the status with Wachovia Bank and how is these two Banks rated? 1-2-3-4 or 5 star banks??

We are in the process looking at other Florida Banks to place her investments.

Trying to find out the ac tual rating of Bank of America & Wachovia. Would appericate feed back e-mail shown above.

Floyd W. Ball

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