I like the idea of a less profit-driven business that is maybe more community-focused but I wonder if they have the same capability as a bank? Have you been able to do your banking needs at a credit union? Was the customer service decent?
I like the idea of a less profit-driven business that is maybe more community-focused but I wonder if they have the same capability as a bank? Have you been able to do your banking needs at a credit union? Was the customer service decent?
I don’t get why folks even care about interest rates when they are so negligably low anyway. When interest rates are ≤1%, I would rather get zero interest just to silence the excessive reporting, like a 1099-int for a couple dollars which serves as a kind of heartbeat signal for where your assets are kept and then having to pay your accountant to declare it. Not worth it. I would rather see the 1% go to a good cause, if not toward just improving the banking service.
You can get over 1% currently now that the fed has the cental interest rates above zero. I mean its easy enough to not get interest. You can find checking accounts with zero interest even when rates are very high and you never need fear the 1099 then.