2007-09-25 05:53:44 · 3 answers · asked by kilgore87 1 in Business & Finance ➔ Personal Finance
credit union, you can gte better interest rates and services
2007-09-25 06:00:59 · answer #1 · answered by Mark 5 · 0⤊ 0⤋
The first thing you need to know is what bank or CU pays better interst.
It doesn't matter where you bank, but it does matter if you are getting any return on your investment.
If the CU is paying 5% interest on savings and 1% on checking and lets say capital one is paying 4.5% Savings and 3% on Checking then it's easy to see where you should go. The higher the interest on your money the more you make.
The other determining factor is borrowing money, which lender offers the better rates. I can tell you that Credit Unions generally offer better interest rates for loans then Regular banks this is partly because most Credit Unions are Non-Profit.
So there you go. Just a few question to ask each bank and you will have your answer.
2007-09-25 06:02:12 · answer #2 · answered by Randy W 5 · 0⤊ 0⤋
credit unions are generally more people friendly than banks.
2007-09-25 05:57:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋