mikem (01/25/83)
Before everyone goes out, and moves all of there money to the account that pays the most, with no fees, etc., make sure that you take into account just what kind of services that you need now and in the future. Some exanmples: 1) Suppose you get a draft or check sent to you from some foreign country; when it comes to cashing it, most credit unions will not be able to help you. My credit union told me to go to a commercial bank. When going to a commercial bank, some will charge fees to non-customers, or not even help you at all. 2) Most commercial banks also provide other services, such as signature guarantees, stock transfers, trusts, etc., which credit unions and savings and loans cannot do. I'm sure that somewhere there exists some book, law, or document, that outlines what banks, CUs, and S&Ls, can and cannot do. If you are only interested in interest (no pun intended), then by all means, go for the one with the highest rate, and most flexibility. Mike Mihalik