Are Banks Safe?
Yes, banks are one of the safest places you can think about. Most of the banks keep money of thousands of people. Banking itself is a business where monetary transactions occur on a daily basis. The bank has to secure all the transacted and deposited money at any cost. Moreover they have vaults to secure. After all it is their business which is at stake.
Nowadays online banking has become an integral part of the banking system. Majority of the banks employ huge money in securing their online transaction connection. There are extensive guides for the customers to let them know about the features and the security measures they have taken to plug in all the major security lapses.
While going for a bank to open up your regular savings account, just look for the FDIC stamp. What is FDIC? The Federal Deposit Insurance Corporation (FDIC) is created by the US government. It follows the Glass-Steagall Act (1933). Its aim is to provide deposit insurance to guarantee the protection of savings and checking deposits in member banks. The amount at present is up to $100,000 on single depositor. Increase in bank failures during the Great Depression encouraged the US Congress to form an institution which would guarantee deposits kept by commercial banks thereby securing the interest of their consumers.
All these FDIC approved banks offer you attractive schemes to have savings & investments with them. Just shop around and compare rates of different propositions to secure a great bargain.