Thursday, October 25, 2007

Today Show: Credit Unions Best for Small Savers

Financial editor Jean Chatzky, on the Oct. 22 Today Show and in her MSNBC.com column, says credit unions are the best place to go if a consumer is a small saver or a car-loan borrower.

Chatzky, who is an editor-at-large for Money magazine, analyzes the "best banks for your buck." She says:
Credit unions are like not-for-profit banks. They have an even smaller, more individual presence than small banks. Some have a system of branches, some do not. But they're known for charging lower fees and offering higher rates of interest than banks. The catch is that you have to be a member to get a good deal.

Read--and watch--the segment online. Click here.

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