2007-02-13 15:19:23 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I've been very happy using a credit union. The fees and interest rates are much more favorable.
2007-02-14 14:19:13 · answer #1 · answered by Jen G 5 · 0⤊ 0⤋
CU's are absolutely better when borrowing money, as you should always get a better rate than a bank.
As for savings, they offer slightly better rates than banks. But savings rates all around right now aren't even worth it. Put it into a money market account instead, or even better pay off any debt you can, as you're probably paying atleast 18% on debt as it is. And getting rid of that 18% is the highest return on your money you can get if you haven't already.
2007-02-13 16:24:49 · answer #2 · answered by kb 2 · 0⤊ 0⤋
sure...they offer higher rates than traditional banks and give better rates on loans...I would at least park some there and some also in an internet direct account like ING
2007-02-13 15:23:50 · answer #3 · answered by fade_this_rally 7 · 0⤊ 0⤋
They usually pay higher interest than a bank.
2007-02-13 15:22:38 · answer #4 · answered by Anonymous · 0⤊ 0⤋