Should I get an account at a credit union/bank or just manage my money with an account?

Should I get an account at a credit union/bank or just manage my money with an account?
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1 Answer

Answer :

answer:Banks/Credit Unions are safer. Credit unions have great programs that will earn you interest. Here’s the problem: The money sitting in a jar under your bed (or wherever) is actually decreasing in value if it is not in a bank earning interest. Why? Because with inflation rates, your money is worth less and less as time passes. Anyone serious about finances will have their funds in a savings account at a minimum, but an IRA or some other investment is even better.
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Related questions

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What happens if I walk away from my mortgage even if I have money in the same bank?

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Last Answer : answer:im not too sure how it works where you are, but here in spain they would just take the other assets off you. having said that, we also have laws against selling people loans via questionable methods. this is not legal advice

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What would you do if you found out your government had to borrow money from a private bank to run the ecconomy, and that this was the real cause of inflation?

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Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

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Which among the following is wrong characteristic of "Phishing": a) Fakers, by offering special rewards or money prize etc asked for personal information such as passwords, credit card information, social security and bank account numbers or other material information. b) Main purpose is theft or misuse the acquired material c) Both of Above d) None of These

Description : Which among the following is wrong characteristic of "Phishing": a) Fakers, by offering special rewards or money prize etc asked for personal information such as passwords, credit card information, social ... purpose is theft or misuse the acquired material c) Both of Above d) None of These

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Which among the following is wrong characteristic of "Phishing": a) Fakers, by offering special rewards or money prize etc asked for personal information such as passwords, credit card information, social security and bank account numbers or other material information. b) Main purpose is theft or misuse the acquired material c) Both of Above d) None of These

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Last Answer : d) None of These

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Description : What is a death benefit rider on a credit union account?

Last Answer : Feel Free to Answer

Should I take out a student loan from a bank or credit union?

Description : Should I take out a student loan from a bank or credit union?

Last Answer : Check with your school for a federally insured student loan. Then you’ll know.

Which is best? Financing with the car store or financing with a bank/credit union?

Description : Which is best? Financing with the car store or financing with a bank/credit union?

Last Answer : Bank. The auto store gets RIDICULOUS interest rates.

Difference between credit union and a bank?

Description : Difference between credit union and a bank?

Last Answer : A credit union is a not-for-profit organization. The profits are returned to the members in the form of dividends.

I have a term ira at alaska usa credit union can i transfer it to a term ira at bank of america with a pentaly?

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Is it possible to get financing for my heavy duty truck at a credit union instead of a traditional bank?

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SBI card is going to launch a co-branded credit cards for the customers of private sector bank A) Karnataka Bank B) Federal Bank C) City Union D) South Indian Bank E) RBL Bank

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