Bank Ratings :: bank ratings

Bank Ratings: How To Find The Best Bank With Bank Ratings

When it comes to bank ratings, there are a few things that are very important to consider. One is customer service, of course. Obviously, it’s very difficult to give a quantifiable number to this, because it’s hard to measure. Many different customers have had different experiences with every bank around, some positive, some negative.

Therefore, if you are concerned about customer service, I’d recommend you type in a specific bank reviews into Google or Yahoo, and see what comes up. This way, you can get a feel for the ratio of positive to negative reviews, and this will help you make a more informed decision.

However, most things about bank and bank ratings are measurable, such as interest rates, financial services offered, bank account features, etc. I already reviewed the bank of America in another article, so in this one I will be covering Citigroup, since these are two of the largest banks in America.

If you want to get more specific and look for a smaller, bank, again, type in the name of that bank into Google and see what you get up.

Citigroup has been in business for over two hundred years, which means they obviously have plenty of experience. No, this doesn’t make them the best-in fact, this is a minor consideration, since there are many banks that have been around for almost as long.

However, it’s something to keep in the back of your mind-they aren’t going anywhere. If nothing else, remember to avoid banks that just opened yesterday or relatively recently, as these fly by night ones are very likely to fail, as most start up businesses are.

Citigroup offers bank accounts for both individuals and businesses, as most banks do nowadays. This article will focus on the individual accounts. For choices among these ones, they have savings and checking accounts and also online banking for both. For their savings accounts, they offer an ultimate money account and an ultimate savings account.

The ultimate money account achieves a two point sixty five percent interest rate, compared with the two point twenty five for the ultimate savings account.

The money and savings account have no minimum balance and if you have a checking account with Citigroup, there are no monthly maintenance fees, but keep in mind, you will have to do all your banking online with both of these (which I’d highly recommend anyway, as it saves you a lot of time).

Since I don’t have time to review all the features and accounts of Citigroup, keep in mind that the interest rates are very competitive when compared with other banks, so you will achieve a high ROI with them, at least as high as you can by keeping your money in a bank account. Citigroups customer service is also very high quality, one of the mainstays that have kept them in business as long as they have been.

The bottom line is, if you are looking for bank ratings, you’d be hard-pressed to find any banks that can top Bank of America (covered earlier) and Citigroup, as evidenced by their large customer base and long time of being in business. If you are planning on opening an account in the near future, I’d highly recommend them.

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