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Showerthought: My old credit union's 0.5% savings rate versus my new online bank's 4.25%

I kept my emergency fund at my local credit union for a decade because I liked the people, but I finally moved it to an online bank last month. The difference in interest earned in just one statement cycle was more than the credit union paid me all last year. Why do we stick with places that clearly don't value our money?
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2 Comments
nelson.wesley
Loyalty shouldn't cost you that much money.
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paulw87
paulw878d ago
Honestly, my buddy did the same thing and @nelson.wesley is right, loyalty gets expensive fast.
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