2006-12-26 21:02:27 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
personally i use a credit union...and i must say that i enjoy banking with them. very safe and secure service. major plus.
2006-12-27 16:06:06 · answer #1 · answered by Chrissy 2 · 0⤊ 0⤋
You might want to consider Credit Unions (www.dcu.org an example). Credit Unions run on "no profit no loss" So, what they earn as interest income from loans, they give it back to other members through interest on CDs etc.
Bottomline, they charge you less interest when you take a loan and they give you high interest rates when you save money there.
Plus since you as a member is an owner of the bank, you have voting rights for the board of directors, you get a very good customer service.
Credit unions are affiliated with employers. So, you have to choose the one which is affiliated with your employer. Or you might get a membership through referral of a friend who is already a member.
I am banking with DCU for past 9 years and am very happy. When I have to take a loan, i do not have to shop around. I just call them and take the loan. I know their rates will be minimum. For my house mortgage, I took a quote from them and then I called up couple of big guys (Citi, Wells Fargo, BofA etc) and tehy all said that the rate you are getting can not be matched.
Good luck.
2006-12-27 04:50:53 · answer #2 · answered by NapWala 2 · 0⤊ 0⤋
go to your local hometown bank, stay away from national bank chains... give the little guy a chance if ou know what i mean. usually the customer service is way better, and problems get resolved faster. I have banked with just about every bank in america (bofa, bank one, wells fargo, citizens national, etc etc)as I move around a lot and have always had better luck with small banks. Good luck
2006-12-26 21:06:46 · answer #3 · answered by Chris 2 · 0⤊ 0⤋
Chase is an awesome bank. Free checking, bank by phone, bank online, bill pay. I suppose it would depend upon your needs but if you plan on using your ATM alot, be sure you know the fees. Even if it is $1.00 each time you use it, that really can add up if you are not careful.
Before I had a local bank that those ATM fees ended up costing me over $150.00 in on years time. It was worth it for me to switch for that alone
2006-12-26 21:13:23 · answer #4 · answered by kissmymiddlefinger 5 · 0⤊ 0⤋
I don't know where you live, but Washington Mutual offers totally free checking and ATM withdrawls with non minimum balance. If you have the money to maintain higher balances, they will pay interest to you as well.
2006-12-27 01:32:26 · answer #5 · answered by SDD 7 · 0⤊ 0⤋
Nearest to your home or office. all time service with safety for your deposits and Credit Cards.
2006-12-26 21:08:04 · answer #6 · answered by SESHADRI K 6 · 0⤊ 0⤋