I'm new..have a question about banks

[Sweet 16]

IMO, credit unions generally have better interest rates for loans, savings, etc. If you have savings and want a higher return and you don't need instant access to it through an ATM, try ING Direct Orange Savings. Right now, their savings rate is 3.4% while banks are less than 1/2%. You just go online to transfer the money from your checking account into your ING account. Then if you need the money, you can transfer it back into your checking account.

[pcjohnnyb (Premo)]

Originally Posted by sockgirl77

Dude,
You're getting screwed. Their maintenance fee is only $4.95 per month. This is with no minimum balance.
,
Socki
BB&T Customer

Yeah....

It all depends on the account you open...

But...I have a savings Acc there, no mthly fees at all...

and a checking, same deal...BUT, I do have a student checking...so it may (and probably is) different from a standard checking..

[pcjohnnyb (Premo)]

Originally Posted by Sweet 16

IMO, credit unions generally have better interest rates for loans, savings, etc. If you have savings and want a higher return and you don't need instant access to it through an ATM, try ING Direct Orange Savings. Right now, their savings rate is 3.4% while banks are less than 1/2%. You just go online to transfer the money from your checking account into your ING account. Then if you need the money, you can transfer it back into your checking account.

how the eff do you figure banks are less than .5%???? <<<edit: just looked it up...ok, maybe interest bearing CHECKING accounts are that low...but you cannot compare checkings interest to savings...thats like comparing savings to a CD....unless of course you are trying to sell ING accounts...


I have a 2.71 (was 3.some percent when I opened it) savings acc and it is NOT a CD like (I at least thought...) ING has...

[LOL]

Originally Posted by pcjohnnyb

how the eff do you figure banks are less than .5%???? <<<edit: just looked it up...ok, maybe interest bearing CHECKING accounts are that low...but you cannot compare checkings interest to savings...thats like comparing savings to a CD....unless of course you are trying to sell ING accounts...


I have a 2.71 (was 3.some percent when I opened it) savings acc and it is NOT a CD like (I at least thought...) ING has...

Bank of America right now has .20% interest rate on its savings account. It is basically just somewhere to hold your money that isn't under the mattress, even if they are making plenty more than .20% off your money.

[ginwoman]

I have always been very happy with Community Bank of Tri-County.

[starsmom]

[quote=desertrat;2737257]

Originally Posted by starsmom

Nah, just messin'.
If you can get into Cedar Point C/U they are pretty good.

I don't think I can into the Credit Union,since I have no military or family connection to it. I assume that is how you get in..?

[FireBrand (Premo)]

I've alway wanted to have an apartment overtop of a bank !


That way, I know my assets over a million dollars !




Oh, bye the way,
Welcome to the nuthouse, Newb !

[clevalley (Premo)]

Originally Posted by FireBrand

I've alway wanted to have an apartment overtop of a bank !

That way, I know my assets over a million dollars !

[TexasSunflower]

Bank of America is having a special right now. Open a checking account with a 100.00 deposit and after it's been open and active for 60-90 days they will deposit 75.00 into your account. And they are everywhere!

[SEABREEZE 1957]

Cedar Point Federal Credit Union:



"Our Field of Membership includes:

• Civilian employees, military personnel, Contractors and employees of Contractors who work regularly at or are eligible for services at Patuxent River NAS
• Employees of the many companies we serve*
• Members of the many associations we serve*
• 
  Family members of Cedar Pont Federal Credit Union members. Eligible family members include spouse, child, sibling, parent, grandparent, or grandchild.
  *Click here to see our Field of Membership"