TL;DR: Credit union account rates low, I moved, and even though the app and co-op network are great, not sure if I should leave.

So, I’ve been with a certain credit union for years. But, to be honest, compared to some other credit unions out there (or even banks), it has pretty lackluster rates across the board.

I moved recently and that’s given me cause to think about closing it, despite the great app and co-op network basically working regardless of where I am.

0.2% on checking, 0.45% on savings, and about 0.9% on a money market account with a $1000 minimum.

It’s got great customer service. I’m on a first name basis with the people there, but I feel like, even with just checking and emergency savings, I’m leaving money on the table.

Is it worth leaving for some of those advertised 4 and 5% checking and savings accounts other places offer?

  • sbv@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    22
    ·
    11 months ago

    Can’t you open an account with another bank/co-op/credit union, see if their perks are as good as advertised, and then decide if you want to move?

    This isn’t a marriage. It’s where you get a bank card from. Try before you buy, etc.

    • Blu@sopuli.xyzOP
      link
      fedilink
      English
      arrow-up
      4
      ·
      11 months ago

      Yeah, I am probably overthinking it. I’ll check around and open a trial account or 2 to see how good the places I’m thinking about moving to are.

      • cm0002@lemmy.world
        link
        fedilink
        English
        arrow-up
        3
        ·
        11 months ago

        You can have a lot of accounts open lol there’s no need to close your current CU account for the most part. Some banks/CUs do have minimum balances or a monthly fee if below that but lots don’t, just double check the terms for yours

        I personally have savings accounts (And sometimes checking too) at like 3 CUs and a handful of banks lmao