Personal Finance

3819 readers

2 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

[email protected]

nieceandtows

[email protected]

Should I leave my credit union over account interest rates? (sopuli.xyz)

submitted 11 months ago by [email protected] to c/[email protected]

12 comments fedilink hide all child comments

TL;DR: Credit union account rates low, I moved, and even though the app and co-op network are great, not sure if I should leave.

So, I've been with a certain credit union for years. But, to be honest, compared to some other credit unions out there (or even banks), it has pretty lackluster rates across the board.

I moved recently and that's given me cause to think about closing it, despite the great app and co-op network basically working regardless of where I am.

0.2% on checking, 0.45% on savings, and about 0.9% on a money market account with a $1000 minimum.

It's got great customer service. I'm on a first name basis with the people there, but I feel like, even with just checking and emergency savings, I'm leaving money on the table.

Is it worth leaving for some of those advertised 4 and 5% checking and savings accounts other places offer?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 11 months ago

You can have a lot of accounts open lol there's no need to close your current CU account for the most part. Some banks/CUs do have minimum balances or a monthly fee if below that but lots don't, just double check the terms for yours

I personally have savings accounts (And sometimes checking too) at like 3 CUs and a handful of banks lmao