Safe(r) banks

[34f3f3f]

This subject hasn’t come up for a while, and this post may be more relevant to expats. For anyone looking for security beyond the FDIC umbrella, there seems to be a few possibilities. For sterling, the UK government backed NS&1 (post office) http://www.nsandi.com/about/ourstory.jsp Income and growth bonds offering a decent return.

For Euros and CHF, BCGE offers CHF 500,000 deposit insurance. This does not extend to US$ unfortunately, and withholding tax in Switzerland is 35%, unless you place funds into a fiduciary deposit, which may defeat the purpose. http://www.bcge.ch/index.php?SubMenu=apropos&lang=en

The state owned bank of Luxembourg BCEE would also seem to be safe and offers savings in several currencies http://www.bcee.lu/en

On the home front Rabobank, which has consistently been at or near the top of the “safe” banks list, has branches in California which are wholly owned by the Group. Looks like agriculture is there core business http://www.rabobankamerica.com/index.html

All of these places allow US resident to open accounts. I am not making a recommendation, and take no responsibility for anyones’ misfortunes. This is just information I have gleaned from talking to these institutions.

[bsrsharma]

Good Credit Unions who seem less entrapped in the housing catastrophe are alternative to Banks. Their insurance funds (NCUA) are not under as much stress as FDIC.

[bsrsharma]

Good Credit Unions who seem less entrapped in the housing catastrophe are alternative to Banks. Their insurance funds (NCUA) are not under as much stress as FDIC.

[bsrsharma]

Good Credit Unions who seem less entrapped in the housing catastrophe are alternative to Banks. Their insurance funds (NCUA) are not under as much stress as FDIC.

[bsrsharma]

Good Credit Unions who seem less entrapped in the housing catastrophe are alternative to Banks. Their insurance funds (NCUA) are not under as much stress as FDIC.

[bsrsharma]

Good Credit Unions who seem less entrapped in the housing catastrophe are alternative to Banks. Their insurance funds (NCUA) are not under as much stress as FDIC.

[PadreBrian]

Union Bank is another safe one. A Japanese bank that carries zero mortgage paper.

[PadreBrian]

Union Bank is another safe one. A Japanese bank that carries zero mortgage paper.

[PadreBrian]

Union Bank is another safe one. A Japanese bank that carries zero mortgage paper.

[PadreBrian]

Union Bank is another safe one. A Japanese bank that carries zero mortgage paper.

[PadreBrian]

Union Bank is another safe one. A Japanese bank that carries zero mortgage paper.

[34f3f3f]

Who are the underlying insurers for credit unions, and how do you go about vetting them for security?

[34f3f3f]

Who are the underlying insurers for credit unions, and how do you go about vetting them for security?

[34f3f3f]

Who are the underlying insurers for credit unions, and how do you go about vetting them for security?

[34f3f3f]

Who are the underlying insurers for credit unions, and how do you go about vetting them for security?

[Author]

Posts