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Banks Beat Credit Unions’ CD Rates With Razor Thin Margins

Tuesday, June 4, 2013 - 8:35 PM
A study comparing today’s average CD rates from both local banks and credit unions found banks’ CD rates were slightly higher than credit union rates.

Banks Beat Credit Unions’ CD Rates With Razor Thin Margins | The Financial Brand: Marketing Insights for Banks & Credit Unions
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ShorebreakShorebreak2,696 posts since
Apr 6, 2010
Rep Points: 14,620
1. Tuesday, June 4, 2013 - 10:26 PM
I, for one, do not trust those statistics at all.

Second and more importantly, the depositors will usually go across the boundary of banks/credit unions for the best offer.  Thus the findings contribute little to the search process, IMHO.
2
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
2. Wednesday, June 5, 2013 - 8:29 AM
“GoBankingRates.com, a B2C website that aggregates interest rates for retail financial institutions, surveyed more than 10,000 CDs rates from banks and credit unions across the U.S. The study focused specifically on 6-month, 1-year and 2-year term deposits.”  Our team consists of experienced writers, experts and market research professionals who investigate which banks and lenders are the best at providing great customer service and the strongest banking offers.
6
ShorebreakShorebreak2,696 posts since
Apr 6, 2010
Rep Points: 14,620
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