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Money and Finances
Reply to "Credit Unions vs Banks - Class trends"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I banked with a credit union as a young person (there was a specific credit union for my mom's employer), and we always had credit union branded items in our house from their various giveaways - not just pens but juice pitchers and that kind of thing. Fond memories. Then I was eligible for PenFed later, so I joined. But I do the majority of my banking with a large mainstream bank because it has higher interest rates on savings accounts and better online bill pay. I got a car loan from PedFed back in the days of 0% loans but they were not competitive when I was looking for a HELOC more recently: I used a smaller local bank for that. [/quote] What big bank is paying that high on savings? I only know Capone?[/quote] CapOne is not a very large bank in terms of deposits. It's really a mid-sized regional as a retail deposit bank with a large credit card portfolio. https://en.m.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States[/quote] It has $372 billion in deposits, making it the 8th largest bank in the US by deposits. That’s far larger than a mid-sized regional. [/quote]
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