CUs’ checking accounts best: Schenk to Bankrate
MADISON, Wis. (4/13/11)–When it comes to offering higher interest rates, credit union interest checking accounts regularly outdo other types of accounts–including those of banks–Mike Schenk, vice president of research and statistics at the Credit Union National Association, told Bankrate Tuesday.
Is It Time To Switch To A Credit Union?
Times are good for credit card divisions at most major banks right now. Credit card APRs have remained stubbornly high, only slightly off the peak reached in February of 2010, while banks’ borrowing rates are still at historic lows, fueling great profit margins at credit card companies.
Read the full article: http://blogs.forbes.com/moneybuilder/2011/04/06/is-it-time-to-switch-to-a-credit-union/
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