It prevents credit unions from extending their services to small employee groups.
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Generally it's a good idea, but you need to comparison shop to make sure you get a good deal.Stephen Brobeck
This is an important finding because those who know their personal wealth are more likely to spend, borrow and save sensibly.
Stephen Brobeck
Net wealth hardly grew despite a substantial rise in house values.
Stephen Brobeck
If consumers started to shift money, however, ... from an interest checking or a traditional savings account into even a bank CD or from a bank to a credit union. That would place market pressure on the banks to raise those interest checking rates and those traditional savings rates. They (banks) do not feel as if consumers are demanding higher rates.
Stephen Brobeck
This is not on the radar screen of the banking industry right now. They're not interested in small depositors.
Stephen Brobeck
On some small accounts, the fees are so high and the interest is so low that the savings dwindle rather than accumulate.
Stephen Brobeck
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