The 7 Safest Banks in America

Moody's recent downgrade of 15 of the world's largest banks, along with JPMorgan Chase's (JPM) multibillion-dollar trading loss on risky derivatives, make it clear that certain big banks aren't as safe as depositors might have hoped. Still, consumers have to keep their money somewhere.


While the FDIC guarantees your deposits, it only insures so much, and it offers no help to investors if a bank craters. So to help consumers find the best places to stash their cash, 24/7 Wall St. has compiled a list of the safest banks. The criteria were strict, complicated ... and you're probably only interested in the results.

If you're curious about the details of their rating process, read on after the gallery. Otherwise, without further delay, here are the seven safest banks in America

Posted in: Banking,Consumer Ally,JP Morgan Chase,M T Bank,Wells Fargo Co