Where Should I Keep My Money?
Updated: Jul 20, 2022
One of the most important financial decisions you should ask yourself is “where should I keep my money?” If you’re thinking about moving beyond your piggy bank or stashing your money under your mattress, then opening a bank account is your best and safest solution. But in order to do that, you first need to choose a financial institution!
Banks may have been the classic place your grandparents tucked away their funds, but today you have OPTIONS! Check out the most commonly held myths about Credit Unions below, and see how today’s choices can save your sanity and your cash.
Myth #1: Credit Unions are basically banks with fewer services.
REALITY: Credit Unions offer all the same services as big banks! Plus, profits are given back to our members so that they can have lower loan rates and higher yields on savings.
Myth #2: It’s harder to access your money.
REALITY: Credit Unions are part of a nationwide network & have more ATMs than one single bank. Through online and mobile banking, you have 24/7 access to your accounts and with virtual appointments, you don’t even have to go into a branch.
Myth #3: Credit Union deposits aren’t insured.
REALITY: Noble Credit Union deposits are federally insured by NCUA up to $250,000.
Myth #4: It’s too hard to switch.
REALITY: It’s super easy! You even have a dedicated personal banker to help you with the process.
Choosing a financial institution is a personal decision. If you ask questions and compare services, you’ll find the best home for your finances. Want to join the Credit Union? Set up an appointment with Martin!