Kip Tips


How to Find a Better Bank


From the August issue of Kiplinger's Personal Finance

Small banks, credit unions and online banks are hungry for your business, so they're beating big banks on fees and rates.


Community bank.Go to the Web site of the Independent Community Bankers of America and click on "community bank locator."

Credit union. Click on "locate a credit union" at the Credit Union National Association's site. You may be eligible to join one where you work or live, or because a family member belongs. Some credit unions have other entrees to membership. For example, you can become a member of the Pentagon Federal Credit Union if you join the National Military Family Association for a one-time $20 membership fee.

Online bank. Start at Bankrate.com, which lists the latest interest rates and offers. Click on the "compare rates" tab to find banks with above-average yields. If you find a deal at an online bank that you're not familiar with, make sure the institution is covered by FDIC insurance. Run the bank's name through the agency's Bank Find database.




You can get valuable updates like Kip Tips from Kiplinger sent directly to your e-mail. Simply enter your e-mail address and click "sign up."

More Sponsored Links


DISCUSS

Permission to post your comment is assumed when you submit it. The name you provide will be used to identify your post, and NOT your e-mail address. We reserve the right to excerpt or edit any posted comments for clarity, appropriateness, civility, and relevance to the topic.
View our full privacy policy


Advertisement

Market Update

Advertisement

Featured Videos From Kiplinger