Top 8 Safest US Banks 2024: Where To Keep Your Money

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Diamond NestEgg

Diamond NestEgg

Күн бұрын

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@DiamondNestEgg
@DiamondNestEgg 4 ай бұрын
💎Get our popular bond course bundle & save $80: www.diamondnestegg.com/home#_paa2isucf 💎Bond Beginners (our foundational-level bond course): www.diamondnestegg.com/bond-beginners 💎Bond Masters (our intermediate-level bond course): www.diamondnestegg.com/bond-masters 💎And join our super-supersaver membership for regular market updates & monthly live member Q&As kzbin.info/door/nexoc6tvesvcCEzZhmI-Agjoin >>>>>>>>>> WATCH NEXT >> Our Bond Courses vs KZbin Membership | Which Is Right For You: kzbin.info/www/bejne/fmbLZXivnZWboNE >> Bond Beginners Course Sneak Peak | I-Bonds vs TIPS: kzbin.info/www/bejne/q4mzq5WgmpaaaKc >> Bond Masters Course Sneak Peak | How To Build A Bond Ladder: kzbin.info/www/bejne/pmqTenejjdNkb9U >>>>>>>>>> SOURCES FOR TODAY'S VIDEO: www.fsb.org/2023/11/2023-list-of-global-systemically-important-banks-g-sibs/ www.fdic.gov/resources/resolutions/bank-failures/in-brief/index ncua.gov/support-services/conservatorships-liquidations >>>>>>>>>> Here is the overview for Bond Beginners: 1. Bond Basics What A Bond Is & How A Bond Works Why Invest In Bonds New Issue vs Secondary Market Bonds Interest Rates & Bond Prices Current Yield & Yield To Maturity Always Remember This! Buying At Par, Above Par & Below Par Different Types Of Bonds Wrap-Up 2. The Risks Of Bond Investing Seven Key Bond Risks Credit Risk Interest Rate Risk Reinvestment Risk/Call Risk Inflation Risk Liquidity Risk Currency Risk & Country Risk Bond Risk Mitigation Strategies Wrap-Up 3. US Treasuries Overview What Are US Treasuries Why Invest In Treasuries Where Can You Buy Treasuries How Are Treasuries Taxed Wrap-Up 4. Treasury Bills What Are Treasury Bills (T-Bills) When Do T-Bill Auctions Happen Where Should You Buy At Auction Auto-Roll When Buying At Auction Where To Find Recent Auction Results High Rate vs Investment Rate Reopening Auctions Cash Management Bills (CMBs) Buying & Selling On Secondary Market Wrap-Up 5. Treasury Notes & Bonds What Are Treasury Notes & Bonds When Do Auctions Happen Buying Treasury Notes & Bonds Auction High Yield vs Interest Rate Floating Rate Notes (FRNs) Treasury Zeros (STRIPS) Wrap-Up 6. TIPS (Inflation-Protected) What Are TIPS When Do TIPS Auctions Happen Nominal vs Real Yields Negative Yields How Do You Adjust TIPS For Inflation Taxes On Phantom Income Secondary Market Liquidity Wrap-Up 7. I-Bonds (Inflation-Protected) What Are I-Bonds How Does I-Bond Interest Work I-Bonds vs TIPS The Annual I-Bond Limit Wrap-Up 8. Agency Bonds The Universe Of Bonds What Are Agency Bonds How Are Agency Bonds Taxed Treasuries vs Agencies Who Might Want To Consider Agencies Yield-To-Call & Yield-To-Worst Where Can You Buy Agency Bonds Wrap-Up 9. Municipal Bonds Our Bond Universe Gets More Complex What Are Municipal Bonds How Safe Are Munis How Are Munis Taxed The De Minimis Rule Social Security & Medicare Premiums Treasuries, Agencies & Munis Who Might Want To Consider Munis Wrap-Up 10. Corporate Bonds Our Bond Universe Is Complete What Are Corporate Bonds How Safe Are Corporates Corporate Bond Hierarchies Five Key Features Of Corporate Bonds How Are Corporates Taxed Treasuries vs Corporates, Etc. Who Might Want To Buy Corporates Wrap-Up >>>>>>>>>> Here is the overview for Bond Masters: 1. Stocks vs Bonds Historical Performance Are Bonds Really Less Volatile Why Invest In Bonds Accumulation vs Decumulation Allocation of Stocks vs Bonds Wrap-Up 2. Which Bonds Might Be Right For You Treasuries & Other Types of Bonds Nominal vs Real Yields Inflation vs Non-Inflation-Protected Taxable vs Tax-Advantaged Accounts Wrap-Up 3. Bond Ladders & Other Bond Strategies Normal vs Inverted Yield Curve What Is A Bond Ladder 5 Important Bond Laddering Questions Laddering When Rates Are Rising Laddering When Rates Are Falling Laddering When Rates Are Uncertain What Is A Bullet What Is A Barbell Wrap-Up 4. Holding to Maturity vs Selling Early Why Hold to Maturity When To Sell Early Before Maturity Tax Implications Of Selling Early Wrap-Up 5. Individual Bonds, Bond Funds, Etc. Why Buy Individual Bonds Why Buy Bond Funds Bond Fund Considerations Key Bond Fund Concepts CDs vs Treasuries Other High-Yield Investments Wrap-Up 6. Our B.E.S.T. Model Portfolios By Age Our B.E.S.T Model Portfolios By Age Model Portfolios In The Industry B.E.S.T Model Portfolio Difference How Much Do You Need To Retire? How I Use The Rules of 100, 110, & 120 B.E.S.T Model Portfolios (20s) B.E.S.T Model Portfolios (30s & 40s) B.E.S.T Model Portfolios (50s & 60s) B.E.S.T Model Portfolios (70s+) Wrap-Up 7. The Decumulation Phase What Is The Decumulation Phase? Bear Markets & Recessions What Can You Do In Bad/Bear Markets Decumulation Tax Considerations The 4% Rule The Bucket Strategy The Flooring Approach Jen’s Bucket Strategy With A Twist Wrap-Up >>>>>>>>>> Thanks for visiting our personal finance channel! We hope this content will help fast-track your financial journey! Everyone's financial journey is different. Please note that: 1) there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances 2) we will not ask you to call us or send us money in the comments on this channel or any of our other social media accounts, so if you see comment(s) along those lines, it is most likely spam - PLEASE DO NOT ENGAGE WITH SPAMMERS OR GIVE OUT YOUR PERSONAL INFORMATION FOR YOUR OWN SAFETY
@armandzottola1626
@armandzottola1626 26 күн бұрын
Hated the big banks. Moved to a credit union long ago…never regretted it.
@princessgigiking
@princessgigiking 4 ай бұрын
Can you do a list of safest credit unions in 2024, thanks in advance Jen? ❤❤❤
@DiamondNestEgg
@DiamondNestEgg 3 ай бұрын
Hi! I will add this onto Jennifer's list! Best - Eva
@dmitchell4866
@dmitchell4866 3 ай бұрын
Where can I find that list?
@fernhbowers
@fernhbowers 3 ай бұрын
Pentagon Federal Credt Union🎉
@californiaspirit9
@californiaspirit9 Ай бұрын
would also love a list of safest credit unions 2024 please :)
@ScottScott-b4h
@ScottScott-b4h 4 ай бұрын
I learned a great lesson in the 2008 Bank Of America (near) collapse. I'll never do business with them again. I live debt free, below my means, and keep at least a year emergency fund cash on hand. I don't gamble much in equities and keep investments as safe as possible. I sleep well at night now. ;-)
@tommydong8070
@tommydong8070 4 ай бұрын
Warren Buffet has BofA stocks, which make up the 2nd largest holdings behind Apple in his portfolio.
@ScottScott-b4h
@ScottScott-b4h 4 ай бұрын
@@tommydong8070 Yes, many people have their stock. But not me.
@The_Bond_Guy
@The_Bond_Guy 4 ай бұрын
Good for you! Solid approach. There are so many great, reliable investments out there. So many others are closer to gambling than investing.
@maxxlaw4081
@maxxlaw4081 4 ай бұрын
I’m trying leave BoA now, I’m paying $50 in fees, how do I leave? I several accounts with them, including CDs.
@67NewEngland
@67NewEngland 4 ай бұрын
@@tommydong8070- I believe I read recently that Apple and Coke are his top 2 biggest holdings. But maybe BofA is up there too.
@petrao8669
@petrao8669 4 ай бұрын
I only bank at a credit union. Fidelity is my choice for investment accounts.
@cmc6295
@cmc6295 3 ай бұрын
Thank you
@gigilaroux762
@gigilaroux762 12 күн бұрын
Project 2025 is going after credit unions.
@ALouise301
@ALouise301 Ай бұрын
Banked at a Credit union until for some reason my bank account had fraud activity 3 different times and had to get a new card everytime. Look over your statements monthly. Now changing to a bank.
@shesaknitter
@shesaknitter 25 күн бұрын
I gave up on banks about 30 years ago and have not looked back. I have been very happy...no, extremely happy, banking at a credit union. Banks have their uses, I suppose, but I really don't feel that they are that great for those who are not wealthy.
@dnorris4733
@dnorris4733 4 ай бұрын
I bank at a credit union. This was informative, just thought FDIC mattered the most.
@montymcfadden1588
@montymcfadden1588 4 ай бұрын
Wells Fargo crooked as a snake never again
@OroborusFMA
@OroborusFMA 3 ай бұрын
Customer service is awful.
@derekpetersen7571
@derekpetersen7571 5 күн бұрын
Chase also overdraft fees are crazy $34 on every dollar then they tell you where you can shop like a smoke shop they won’t let you buy anything on overdraft it shouldn’t be up to them as long as they get there money they used to let me I got a new card then they wouldn’t let me 😖
@brucesmith9144
@brucesmith9144 4 ай бұрын
Thanks Jennifer. Trying to find bank health information is not always easy to glean. I have made an effort to break up CDs in the banks you listed, but never overextend on any one bank.
@jayski9410
@jayski9410 4 ай бұрын
I got to experience bank failure twice. Once was as a depositor at Indymac Bank. It was the classic story of the FDIC putting chain around the front door and locking everyone out. For 2 months I had no access to that money. When the FDIC finally sorted it all out, I got all my funds out and moved them elsewhere. But then there was the case of Washington Mutual. I was a depositor and stock holder there. The story turned out differently here though. As a depositor, I got those funds back. But as a stock holder, I lost everything. These are the kinds of things my parents used to talk about from the Great Depression days but I never thought I'd experience myself.
@jaxjaxvang4910
@jaxjaxvang4910 4 ай бұрын
I also stood in line for an hour at Indimac trying to take my cash out too😮
@The_Bond_Guy
@The_Bond_Guy 4 ай бұрын
Your story has the element (waiting) that people don't realize. SO many people (mistakenly) think that as long as you're FDIC insured, that the whole process is seamless and it simply isn't. This happens with bond insurance as well, there can be a lot of waiting while the bankruptcy is worked out. So choose your bank wisely. :)
@kathrynlove8252
@kathrynlove8252 4 ай бұрын
Wells Fargo’s ethical problems put me off. I have banked with US Bank and its precursors since 1982. Great service. Fifth largest U.S. bank with good reserves.
@raylotfi1318
@raylotfi1318 8 күн бұрын
I have Wells Fargo and am okay with it. It is consumer RESPONSIBILITY to control their accounts not the banks
@josephbailey4463
@josephbailey4463 4 ай бұрын
Thanks for the international banks list. It’s great for us bi-nationals.
@kimpliny
@kimpliny 4 ай бұрын
Great to know the 8 safest banks. Thank you! It's not great to know none of my banks are on the list:). Is it also possible to list the top 8 most risky banks :)? Will Discover Bank and American Express be on that list? Thank you so much!!
@janicenunn8525
@janicenunn8525 4 ай бұрын
I thought Discover was Credit Cards owned by Sears? It is a bank???
@kimpliny
@kimpliny 4 ай бұрын
There is Discover Bank (on-line banking).
@poolmilethirty2859
@poolmilethirty2859 4 ай бұрын
Many online banks have high yield savings. Chase savings is peanuts. Why would you want to keep your money there.
@davidwan685
@davidwan685 4 ай бұрын
I just opened checking and saving at Capital One. Was going to transfer out of Citibank because their teller's and banker's customer service was horrible.
@geoffgordon9569
@geoffgordon9569 4 ай бұрын
I left BofA for the same reason. Plus the Manny fees.
@poolmilethirty2859
@poolmilethirty2859 4 ай бұрын
I'm sure Capitol One savings has a better interest rate than Citibank. Those 8 banks than Jenn mentioned give crappy interest on their savings account.
@alextanaka6733
@alextanaka6733 4 ай бұрын
Left Wells Fargo with same reason and anger. I like Capital one, but they started using call center in Philippines 😢
@davidandres7290
@davidandres7290 4 ай бұрын
I heard from my bank and the FDIC that if you list beneficiaries you can extend your insurance coverage. Do you know the details with this?
@jimwolfe4286
@jimwolfe4286 4 ай бұрын
Thank you very much for this Important Video !!....
@cynthiarogers2904
@cynthiarogers2904 3 ай бұрын
*YOU ARE AMAZING, DIAMOND NESTEGG !!!* *THANK YOU.*
@FredSherman-k7l
@FredSherman-k7l 4 ай бұрын
Your mattress is the safest
@SandraGarcia-ho4lb
@SandraGarcia-ho4lb 25 күн бұрын
No bank for me. Been with a credit union for over 20 years and have been great. Banks - for profit Credit union - not for profit.
@BarbaraMVega-xn6wh
@BarbaraMVega-xn6wh 4 ай бұрын
Thank you for providing such detailed and valuable information. ❤
@mariceldb2990
@mariceldb2990 4 ай бұрын
Thanks Jen for that important info. Just learned about G-SIB. Between FDIC and Treasury, which is better?
@LinguaSalina
@LinguaSalina 4 ай бұрын
Only checking at WF and very small savings. Have all $$$$ at online HYSA. The big banks on the list have horrendous interest rates, unfortunately
@bigfoot4255
@bigfoot4255 3 ай бұрын
Worked in banks for 40 years and the two best run banks are PNC and BNY Mellon hands down
@kaypomeroy1537
@kaypomeroy1537 3 ай бұрын
PNC is awesome
@williamcruz1848
@williamcruz1848 Ай бұрын
Totally agree
@CobaltLobster
@CobaltLobster 4 ай бұрын
I just use Fidelity’s Sweep. First bank in the sweep is Chase, so I guess it’s Chase by way of Fidelity
@josejimenez6136
@josejimenez6136 4 ай бұрын
exellent information
@strictlystorymodeclips7780
@strictlystorymodeclips7780 2 ай бұрын
Will you ever cover preferred stock of G-SIB banks given they give a slightly juicier yield than IG bonds and the credit risk will be much lower?
@joewatts9132
@joewatts9132 4 ай бұрын
I use Ally bank and that's for the higher savings yield, although now I know I can park it elsewhere for a bit extra I've yet to figure out which route I want to go.
@cocabevzan2320
@cocabevzan2320 3 ай бұрын
I love Marcus Bank is the best for CD and saving account, Capital One also!❤️
@colinyuhl9339
@colinyuhl9339 4 ай бұрын
Used to bank with Washington Mutual until they died and became Chase. Then I banked with First Republic (wonderful bank btw, RIP) and they died and became Chase. Universe is telling me something but I still refuse to listen and now have bank accounts all over the place…except Chase.
@Last_one_before_I_go
@Last_one_before_I_go 4 ай бұрын
IMO, the universe should be respected.
@mjg239
@mjg239 4 ай бұрын
I closed my Chase checking account way back in 2011 when they introduced fees (penalties) if I didn’t bring in $750 of fresh money every month. It felt like a pimp/ho relationship. Never looked back. I also used to bank with WaMU back when they had “totally free checking” in 2008… was only a Chase customer because WaMu became Chase.
@tommydong8070
@tommydong8070 4 ай бұрын
​@@mjg239 WaMu was on the verge of bankruptcy and its assets were sold to Chase for cheap. Back in the 1990s I had Wells Fargo then closed my account. I opened a BofA but then close it too. I went with a local bank which got bought by another bank which got gobbled up by Citigroup before it broke into two entities which I still have. However, I have also open an account with a credit union back in 2012. I'm not keeping my money in one bank or CU.
@The_Bond_Guy
@The_Bond_Guy 4 ай бұрын
Wow! Sounds like the "Banking Gods" are speaking to you. 🤣
@jtsalaza
@jtsalaza 4 ай бұрын
I don't know if this was a carefully crafted joke, but it made me laugh & giggle....made my morning!
@Monipenny1000
@Monipenny1000 Ай бұрын
We bank at a few local banks, one being Huntington. I was hoping that was on the list. We met with wealth advisors at a couple of banks and chose Huntington to invest our money. We will be making this transition over the next few days. What happens to our money and our private client relationship if the bank fails?
@francisebbecke2727
@francisebbecke2727 12 күн бұрын
Thanks for letting us know what a G-SIB is. Basically they are too big to fail!
@Rosa-q2q5o
@Rosa-q2q5o 2 ай бұрын
You’re awesome, thank you.
@sujitta74
@sujitta74 4 ай бұрын
I bank with Navy Federal Credit Union. For a longtime homeowner I do planning to switch to other banks
@Fyr911-py4gh
@Fyr911-py4gh 4 ай бұрын
What do you think of CIT Bank? My understanding is that they are a division of First Citizens Bank.
@ednasalinas5568
@ednasalinas5568 4 ай бұрын
I like CIT bank has free wire service (with a requirement of $5000 in the account).
@Mr.Peabody961
@Mr.Peabody961 4 ай бұрын
Really would like to get her opinion on cit
@hlb0111
@hlb0111 4 ай бұрын
If BoA is a G-SIB, why did Warren Buffet just sell a ton of his BoA stock??
@markvocci5356
@markvocci5356 3 ай бұрын
Even if the Govt steps in to stop a bank collapse, the stock price could still go down
@louflore1881
@louflore1881 4 ай бұрын
Hi, Any information on tis small bank 1 First Bank???? Thanks
@eugene5196
@eugene5196 4 ай бұрын
I'm surprised Capital One didn't make the cut...
@DiamondNestEgg
@DiamondNestEgg 4 ай бұрын
It’s top 10 in terms of size but not a G-SIB: banks.data.fdic.gov/bankfind-suite/financialreporting?establishedEndRange=8%2F23%2F2024&establishedStartRange=01%2F01%2F1792&inactiveEndRange=8%2F23%2F2024&inactiveStartRange=01%2F01%2F1970&incomeBasis=YTD&institutionType=banks&limitEstablishedDate=false&limitInactiveDate=false&pageNumber=1&reportPeriod=20240331&resultLimit=25&sortField=ASSET&sortOrder=DESC&unitType=%24
@eugene5196
@eugene5196 4 ай бұрын
@@DiamondNestEgg Thanks! Very insightful.
@MrBobteacher
@MrBobteacher 3 ай бұрын
Me too!
@hungoverpilot7351
@hungoverpilot7351 4 ай бұрын
How about safest online banks list would be great thanks
@dsmith6601
@dsmith6601 2 ай бұрын
, Lots of us are waiting for that list
@benross647
@benross647 4 ай бұрын
I bank with Navy Federal Credit Union. I have always been with them but I would prefer to switch soon. Any recommendations??
@countrysister700
@countrysister700 3 ай бұрын
I've heard getting a mortgage loan from them is a nightmare, but otherwise I've always heard they're #1 for good reasons - safety, super service, etc. Are you having problems?
@janek.5886
@janek.5886 2 ай бұрын
Very thorough and informative. Thank you! Might have to switch to Chase!
@DiamondNestEgg
@DiamondNestEgg 2 ай бұрын
You’re welcome!
@janetflynn3633
@janetflynn3633 26 күн бұрын
PNC?
@Haleygirl7257
@Haleygirl7257 Ай бұрын
I’m with Suncoast school fed credit union and Truist
@blvany
@blvany 4 ай бұрын
There are several Chinese banks on the international list, including Bank of China. I have been wondering if there is any political risk here given the international tensions between the US and China. Bank of China CDs frequently show up on lists of brokered CDs sold by banking firms like Schwab, Fidelity, Vanguard and Merrill Edge. I have so far avoided these CDs for fear of what might happen if there is a military altercation between the US and China. I'm wondering if my fears are justified, given that the US branches of these institutions have FDIC insurance. Still, I would not want to be holding an asset of an institution that decided to default on its obligations for political reasons because my money would still be tied up until I was reimbursed by the FDIC.
@Seago-hz1gt
@Seago-hz1gt 3 ай бұрын
Never give your money to Chinese banks. Esg and credit system
@Navy_VetE6
@Navy_VetE6 13 күн бұрын
I ditched banks long ago and joined a credit union.
@marcelle949
@marcelle949 3 ай бұрын
Credit Union banks are the best.
@donnafarmer111
@donnafarmer111 4 ай бұрын
Curious to hear your take on fintechs.
@johnrac3302
@johnrac3302 4 ай бұрын
Here’s what I love about Chase and Jamie Dimon. He pays 0% interest on business accounts no matter what the balance. He takes full advantage of the bank’s safety status. Grrrr
@JosephSAi2HT
@JosephSAi2HT 4 ай бұрын
Always amazing easy to consume content! So organised and ending my with my comfort in confidence to make truly informed decisions! Awesome #JenniferLammer, i feel motivated to get a handle of my financials in a practical way on a collective road of preferred and few selected content creators helping me into #financialFreedom; to whom which you are one! #attitude4gratitude and in time this new subscriber will be of the #DiamondNestEgg, showing that #perfectCut to #financialFreedom due your continued teachings! Excited i am!
@JAM661
@JAM661 Ай бұрын
Been super happy with USAA. But I do not have all my money in one bank or one account.
@jamesmarchetti3286
@jamesmarchetti3286 Ай бұрын
I was curious if BMO Harris existed anywhere ??? 🤔 🤔 ???
@darayavahashshahanshah684
@darayavahashshahanshah684 28 күн бұрын
Chicago
@Constitution1789
@Constitution1789 4 ай бұрын
Even though those banks have that global systemically important bank status, I still wouldn't bank with them. Knowing the government will bail them out often leads them to do dumb things like exposing themselves to risky mortgage-backed securities. I nonetheless found your video enlightening.
@zorrozusa2646
@zorrozusa2646 4 ай бұрын
👍👍👍👍👍👍👍👍👍💯
@ScooterOnHisWay2024
@ScooterOnHisWay2024 4 ай бұрын
Is it time to talk i-bond strategy yet?
@marcopolo51
@marcopolo51 4 ай бұрын
Credit union only!
@samtan4729
@samtan4729 27 күн бұрын
Why?
@enr3334
@enr3334 4 ай бұрын
Given these bank’s fees I would stay away!!! To me, fees is a major safety criterion.
@mirnaemir
@mirnaemir 4 ай бұрын
What about Fidelity?
@cmc6295
@cmc6295 3 ай бұрын
Appreciate any comments about Fidelity
@pablohernandez1159
@pablohernandez1159 4 ай бұрын
Was with Union/ now u s bank. How safe?
@estelatallman7772
@estelatallman7772 14 күн бұрын
How come credit unions are not on the list
@juliamosher
@juliamosher 11 күн бұрын
what about discover bank I am worried- they give good rates
@scaryperryx1050
@scaryperryx1050 16 күн бұрын
Thank you!!!
@frankdepena232
@frankdepena232 23 күн бұрын
fantastic
@KarlieSolomon
@KarlieSolomon Күн бұрын
Mine is a bank owned by one man in our community 😊
@jimmanney4948
@jimmanney4948 Ай бұрын
I looked up your safest banks in SW Florida and they all had the absolute lowest reviews, most notable was poor customer service. Can you recommend a good, reliable, safe bank in SW Florida? I have an account with 5/3 and I find them less than straight forward and deceptive.
@ES-mc3cc
@ES-mc3cc Ай бұрын
I've banked with PNC Bank here in FL for many years. I've been pretty satisfied with them.
@princessgigiking
@princessgigiking 4 ай бұрын
Great video Jen thanks ❤❤❤
@allyvyne3002
@allyvyne3002 13 күн бұрын
Bank with a brokerage house like Charles Schwab, Fidelity, Morgan Stanley etc
@johnrac3302
@johnrac3302 4 ай бұрын
“ the time has come for policy to adjust “ 😮
@GilbertFleming
@GilbertFleming 4 ай бұрын
off topic. Do you have an opinion re: infrastructure bonds?
@maryrenaud6732
@maryrenaud6732 Ай бұрын
Where can we find the best credit unions in a state. I am in South Florida and have yet to find a credit Union anyone here recommends!
@michaelminauro4180
@michaelminauro4180 4 ай бұрын
Good stuff
@annietaylorsmith3876
@annietaylorsmith3876 3 ай бұрын
Wait, you said Schwab was a “stand alone bank?” I thought State Street Bank was the G-SIB backing Schwab?
@MrBobteacher
@MrBobteacher 3 ай бұрын
Where does Capital One come into play?
@kelfeind
@kelfeind 4 ай бұрын
40 years with USAA. Also stared with their investment management services. 4 years ago they sold the investment services to Schwab where I now have my investment accounts. Thanks to this excellent video I'm thinking of transferring to Merrill Edge and BOA. I just love USAA's service though so am torn. Another consideration is the possibility of taking out a personal loan. If I stay with Schwab and Schwab bank gets into trouble I might be cut off. I'm thinking that I would have less trouble getting a loan from BoA if I have my investments with Merrill Edge...Any thoughts?
@LearnandChoose
@LearnandChoose 4 ай бұрын
You always have great advice and insights! Thank you.
@johnderfler5183
@johnderfler5183 4 ай бұрын
Bank at Wells Fargo, don't particularly like them, but to be safe you need to be in a too big to fail bank.
@techadsr
@techadsr 3 ай бұрын
How do you rate derivative risk as documented in OCC quarterly reports on top 25 and top 5 banks?
@susielee2959
@susielee2959 4 ай бұрын
Is USBank safe?
@sonjasssggg4575
@sonjasssggg4575 4 ай бұрын
So is Marcus, by Goldman Sachs, like ETrade and Merrill Edge and their parent company?
@johnsmith-dm2tq
@johnsmith-dm2tq 4 ай бұрын
so i am not smart enough to get this, i have been trying to understand this for years and everyone has some algebra calculations i just don't get it. Amagine trying to teach algebra to your dog. But i am still a person and i am still facing retirement. is there any chancy you can make a video where you go into fidelity, (fixed income, bonds, cd) scroll down the list and just tell me how to choose the right one? is bigger better? example: two treasury notes next to each other. they mature 06-30-26 yeild to maturity3.903 and a coupon rate 0.875. the next has the same maturity date and is 3.914 but has a coupon of 4.625.. yeild to maturity is almost identical the maturity dates are identical, i am inclined to go buy the larger coupon rate but feel like that cant be right as the smaller coupon rate would be worthless and why would the fed even create it? i just need someone to explain this to me like i am a 5 year old.
@Fotograffa
@Fotograffa 26 күн бұрын
Whar about TD Bank?
@maitong100
@maitong100 Ай бұрын
Which is safer, Treasury bills or bank CD account?
@daichau8451
@daichau8451 4 ай бұрын
Is it safe to have a fixed deferred annuity contract with Athene?
@JohnM-x6o
@JohnM-x6o 4 күн бұрын
Go to Japan. I havent had an issue in 60 years. And they understand my Spanish accented English.
@kimberlylucas604
@kimberlylucas604 4 ай бұрын
With so such over site of a G SIB how did the Swiss bank get in trouble?
@janiegolden5338
@janiegolden5338 4 ай бұрын
Thank you 🙏
@elenaraftopol4568
@elenaraftopol4568 4 ай бұрын
What about citybank?
@jerrychurchill8765
@jerrychurchill8765 3 ай бұрын
What about Capital One
@whistlebloer8254
@whistlebloer8254 4 ай бұрын
For most people, I think FDIC insurance should be sufficient. You can have accounts in different banks for that peace of mind.
@jeaninekronish9567
@jeaninekronish9567 17 күн бұрын
Would it be prudent to save a portion of our money in a GSIB non-US bank? Are there non-US bonds that are safe and useful to expand our savings?
@DiamondNestEgg
@DiamondNestEgg 14 күн бұрын
Hi Jeanine. I'll answer this in tonight's member live. No worries if you can't make it, we'll come back here & leave you the link with the timestamp as soon as that's ready. Best - Jen
@elizabethcarlo964
@elizabethcarlo964 4 ай бұрын
So my cd at Bank of America is safe? Short term of 7 months.
@robertjennings397
@robertjennings397 4 ай бұрын
I tried for the 9.5 cd, did not get it. 8/30/24
@Courtney_268
@Courtney_268 4 ай бұрын
Does Marcus equal Goldman Sachs?
@michaelminauro4180
@michaelminauro4180 4 ай бұрын
Good stuff
@lynnmanson2387
@lynnmanson2387 4 ай бұрын
Move money to large credit unions.
@christopherzorthian8182
@christopherzorthian8182 4 ай бұрын
Iive been with capital one my whole life. I like them now more than ever since they started capital one 360 witch makes my banking extremely easy and convenient. And having more accounts helps me organize my finances . I love capital one. Is it safe?
@DiamondNestEgg
@DiamondNestEgg 4 ай бұрын
It’s top 10 in terms of size, but not a G-SIB: banks.data.fdic.gov/bankfind-suite/financialreporting?establishedEndRange=8%2F23%2F2024&establishedStartRange=01%2F01%2F1792&inactiveEndRange=8%2F23%2F2024&inactiveStartRange=01%2F01%2F1970&incomeBasis=YTD&institutionType=banks&limitEstablishedDate=false&limitInactiveDate=false&pageNumber=1&reportPeriod=20240331&resultLimit=25&sortField=ASSET&sortOrder=DESC&unitType=%24
@msdinba
@msdinba 4 ай бұрын
Credit unions only because of customer service.
@deafman4090
@deafman4090 4 ай бұрын
Credit unions (and some local banks) are also much more likely to use their assets to benefit your local community. Larger credit unions though can be more regional or even national.
@paulvon2378
@paulvon2378 8 күн бұрын
I like U.S. Bank (Minneapolis). They should have been on the list.
@petrmacel9529
@petrmacel9529 4 ай бұрын
What about BMO?
@DiamondNestEgg
@DiamondNestEgg 4 ай бұрын
They are a top 15 in terms of size but not a G-SIB: banks.data.fdic.gov/bankfind-suite/financialreporting?establishedEndRange=8%2F23%2F2024&establishedStartRange=01%2F01%2F1792&inactiveEndRange=8%2F23%2F2024&inactiveStartRange=01%2F01%2F1970&incomeBasis=YTD&institutionType=banks&limitEstablishedDate=false&limitInactiveDate=false&reportPeriod=20240331&sortField=DEPDOM&sortOrder=DESC&unitType=%24
@beth2200
@beth2200 4 ай бұрын
What about Cathay Bank?
@MaryShirbroun
@MaryShirbroun 24 күн бұрын
I bank with us bank. Because they were not involved in the subprime loans.
@jamescalifornia2964
@jamescalifornia2964 3 ай бұрын
CHASE is " Too big to fail " 😉💰
@wrsawy
@wrsawy 27 күн бұрын
Chase, fidelity, credit union and Capital One. Gold and silver (hard) savings. Chase is the big boy, Credit unions for protection, Cap One for ease and investments. Fidelity for growth. Gold and silver for hedge and immediate cash in. Problem solved.
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