Wednesday, July 16, 2008

Bankrate.com Safe & Sound CAEL Rating samples

CAEL rating: 1 (best) to 5 (worst)

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Charles Schwab Bank: N/A (Charles Schwab Bank is a federally chartered thrift institution and an affiliate of Charles Schwab Corporation, a financial holding company. All bank products and services are offered through Schwab Bank.)

ETrade Bank: 4

ING Bank FSB, Delaware: 3

Washington Mutual Bank FSB, Utah: 1. (Note: S&P cut its credit ratings on the largest U.S. savings and loan one notch to "BBB," the second lowest investment grade, from "BBB-plus.") Link to additional bank profile info: http://www.ibanknet.com/scripts/callreports/getbank.aspx?ibnid=usa_2187071

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The FDIC insures approximately 8,500 institutions; 79 of them are on the agency's secret list of problem banks as of Dec. 31, 2007.

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