Question by  julsbeau (87)

Is First Premier Bank in danger of going out of business?

I'm trying to pick a "safe" bank.


Answer by  vicki94 (477)

First Premier Bank is not going out of business at least not yet. Their interest rate on their charge card has doubled. A bank has to make money to keep in business so I guess charging their customers in their most productive way. Investin in First Prmier Bank would not be wise.


Answer by  canadabee (932)

All banks are safe as long as they are protected by Federal Deposit Insurance. Check if First Premier is an FDIC member. If it is, your first $250,000 are safe.

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