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Banking

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The debate over credit unions and banks is heating up ever since the financial crisis of 2008. After the bailout consumer attitude towards traditional banks took a nose-dive. I once held a national bank, one that didn’t do much sub-prime lending: US Bank, but the urge to move to a credit union was strong. [ad#Content 300×250] It seemed everybody I knew was moving to a credit union, disgusted by fees, upset by service and unhappy…

We asked visitors who changed from a traditional bank to credit union. Besides things like customer service, community focus – credit unions provide a lot of features unmatched by traditional banks. Also be sure to check out Credit Unions vs Banks, reasons why people make the switch. Funny you should mention it. I just switched back to a credit union today. The main reasons are: Better rates Better customer service It’s a local company, so more…

An emergency fund is a lump sum of money that should pay for three to twelve months worth of living expenses. The idea behind the emergency fund is that you have easily accessible money in case of an unexpected situation that keeps you from working and earning money; or for expenses that come up you hadn’t planned for. Most people understand the value of having an emergency fund – but it’s not easy to create…

There can be quite a long list when it comes to everything you might want to see in a business bank account. Sure, a gift for opening an account is nice, and a piece of candy with your deposit is sweet, but let’s get down to the important things about a business bank account — the true essentials. Because let’s face it, having the right bank account for your business can save you time, trouble,…

One of the ways that some banks are trying to lure customers is by beefing up their checking account offerings. Rewards checking accounts are becoming more common, including high yield checking accounts that offer a fairly high rate of return. While any return isn’t going to be particularly attractive right now, earning something on your checking account is better than nothing. [ad#Content 300×250] It is important to be careful, though, when you consider high yield…

Overdraft, a Tax on the unwitting poor. Every year, something like this happens. I’m at the gas station I go to load up on 87-octane, but I haven’t logged into my online bank in a while. After the day of hitting the usually Friday fair – book store, coffee shop, Target, and the Mall – I fill up my gas-addicted car no problem. I go home to see the damage I’ve done. WHAT!! Another overdraft…

[ad#Content 300×250] One of the issues you have to contend with when it comes to retirement is inflation. Inflation, at its most basic, is viewed as rising prices. Inflation erodes your buying power, creating a situation in which your dollar does not go as far as it used to. If you consider that inflation has an annual rate, you can see why it would be a problem. If the rate of inflation is 3% annually,…