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Do credit unions have better bank rates than banks?

In: Credit Reports [Edit categories]

Answer:

Yes, because they have more individual investers than a bank does and they have more say in what the rates should be unlike a bank's board memebers.

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Is Bank of America a credit union?
No
How are credit unions similar to banks?
They both give out loans
How do credit unions compare to banks?
Generally speaking, Credit Unions have lower interest rates on loans and credit cards, and higher interest rates on deposits (Savings, CDs, etc) compared to Banks. On the down side, they are usually...
Credit union banks good place to bank?
Yes, in my opinion they are.
Is belonging to a credit union better than a bank?
Most people who have associated with both will tell you that the credit union is better. There are many benefits to having a membership with a credit union that a bank does not offer.