Zelle works well for paying rent, but it can be a challenge to find a bank that allows a higher sending limit and supports scheduled automatic payments.
IRA Partial Transfer from Broker to Credit Union for CDs
Transferring part of an IRA from a broker to a credit union for a CD is easier than you think. My transfer completed in a little over a week.
Add-On CD As A Hedge For Lower Interest Rates
Taking out an add-on CD with a minimum deposit hedges the possibility that interest rates will go down.
Joining Navy Federal Credit Union Without Military Affiliation
Detailed steps to join Navy Federal Credit Union when you have no military affiliation.
Where To Get The Best Rate On A Home Equity Loan
Rates on home equity loans vary greatly from bank to bank. You have to know where to go for the best rates.
Transfer IRA From Mutual Fund To Credit Union For CDs
It’s not hard to transfer part of your IRA from a mutual fund company to a credit union to buy CDs.
Make Shared Branching Service Unnecessary
Shared branching is easy but I prefer not having to use it to begin with.
Where Big Banks Are Better Than Credit Unions
My reward checking account with a credit union is fully up and running. I got my first monthly interest at the end of September. As expected, I got 3% APY on my $20k deposit for having used my debit card 18 times during the month. Those 18 debits came to a grand total of $91.34. […]
Beware: Banks Auto-Renew CDs with a Short Window to Back Out
Many banks automatically renew matured CDs. You’ll pay an early withdrawal penalty if you miss the short window to back out. Watch out for the trap.
Why a Credit Union Isn’t For Everyone
I joined Alliant Credit Union back in December. So far, I primarily used the savings account. Because all my bill payments are on autopilot, I didn’t want to go through all the trouble of making changes to the checking account. But I’ve come to like Alliant Credit Union more and more. I decided use its […]
Alliant Credit Union: Bumpy Ride to High Yield
I wanted to have my money earn more interest than what it does in a money market account. So I joined Alliant Credit Union. Alliant Credit Union is the 7th largest U.S. credit union based on asset size, with more than 250,000 members. It was originally United Airlines Employees’ Credit Union. Now anybody can join […]
If Credit Unions Are Better, Why Don’t More People Use Them?
You’ve probably read it somewhere — credit unions are better than banks. That’s what Consumer Reports, Bankrate.com, and Money magazine say. Credit unions are owned by members. They are not for profit. They pay higher interest rates on checking accounts, savings accounts and CDs. They charge lower interest rates on credit cards, car loans and […]