Which do you prefer? And why?
2006-08-02 17:47:52 · 4 answers · asked by paike 4 in Business & Finance ➔ Personal Finance
I actually have one of each. I have wellsfargo which is nice because you can have access all over but my credit union is nice because i just use it for a savings account and i dont have to pay those retarded fees if my account balance is too low
2006-08-02 17:53:21 · answer #1 · answered by basketcase8080 2 · 0⤊ 0⤋
Credit union. They don't have to pay taxes but banks do. As a result, you can demand that your credit union pass on their savings to you as additional interest income on your savings or even your checking account.
Ask to speak to the credit union manager and bring this up.
2006-08-02 18:07:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I utilize both depending on my needs. For example, I arrange loans and savings accounts through credit unions to gain higher interest. I use a large bank for my checking acount and credit cards for accessibility.
2006-08-03 18:24:40 · answer #3 · answered by Freddie 3 · 0⤊ 0⤋
If you travel oversea then I would suggest you go with Bank.If plan to stay in one place for the rest of your life then go with Credit Union.
2006-08-02 17:53:12 · answer #4 · answered by Joe P 4 · 0⤊ 0⤋