Design Challenges

Bank Implossion and failed economy

For three years now I have become very financially conscious to the point where I'm tuning more and more to CNBC. I'm becoming older and wiser following politics, the world around me and taking the time to hear some expert opinions before I do anything with the few pennies I have assigned to my name.

With the bank mergers and scares, three weeks ago I started googling for a new bank providing a similar high-yield for my account as Washington Mutual had been providing, but with less trouble and more peace of mind that it wouldn't go under. I once again looked at HSBC and ING. Both scare me as I have no quick way to access my money when I need it as branches are nill in my area. I then looked at money markets, once that stood out was Discover Bank, but once again, no local branch.

In my searches I found this site, the bank implode meter. Not much to look at from a Web design standpoint, but full of wonderful news and information on today's economy.

The bottom line is that at a time of turmoil and an unstable economy is best to keep an eye on your money, whether you have millions or ten bucks, you want access to your money when you need it. I delayed the transfer, but luckily WAMU was picked up by Chase preventing any FDIC situation, but I sweat it for a day or two. Now things are looking brighter and I'm still getting my 4% APY. Word of advice trust your instincts, it got you what you have and if you're happy then don't sweat the small stuff.

Labels: Google, Web Design, Web Searches