After some research and thought, I've decided to move my banking from a bank (Bank of America) to a credit union.
For my needs, I think this will serve me much better. For example, many banks offer savings account for a very minimum opening payment, but then you're susceptible to pay a fee if you don't maintain some sort of minimum, anywhere from $300 to $5,000. With this CU, I can slowly build up my savings.
And while I've had an OK experience with Bank of America so far(I've been banking with them since May), I've heard horror stories ... a LOT of horror stories. I just want to avoid the drama, if I can.
I feel good about this decision, and I'm excited because I think I may finally begin to see my money going to work for me.
Any advice?
Switching to a credit union
September 23rd, 2008 at 01:13 am
September 23rd, 2008 at 01:43 am 1222130638
September 23rd, 2008 at 02:44 am 1222134254
September 23rd, 2008 at 03:03 am 1222135421