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Credit Unions vs. Banks: The Benefits of Opening a Savings Account

Photorealistic studio scene, landscape orientation: two elegant, transparent glass savings vessels on a polished dark slate surface. Right vessel (cre

Better Interest Rates and Lower Fees

When it comes to saving money, earning a higher interest rate can significantly impact your savings growth. Credit unions often offer better interest rates on savings accounts compared to traditional banks. This is primarily because credit unions are not-for-profit institutions that return their profits to members in the form of higher savings rates and lower loan rates.

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