Time to find a better bank
- October 29, 2009
- 0 comments
- Posted in Banks & Banking, Latest Posts
Boycott big banks! Switch your money into community banks and credit unions, or put your savings into Internet banks that pay high rates.
Congress passed a law intending to snuff some abusive practices, such jumping your credit card interest rate on purchases you’ve already made. So what are the banks doing? Jumping your interest rates by huge amounts—10 percentage points or more—before the law takes effect. These are the very banks that we, as taxpayers, bailed out.
It’s a pain to change banks, especially if you’re using online banking to pay your bills. Because of that, the banks figure they have you, no matter what they do. So surprise them! Find a smaller local bank or credit union that charges lower rates and fees.
Tags: bank accounts, banking abuses, banks
