Rate Matching Credit Unions?

newuser11
  |     |   13 posts since 2019

Until now, I always thought FIs rate matching was urban legend. But just now, I got a call from a local credit union where I have an RCA that I have not been using. A rep called because I was charged an inactivity fee last month, which they refunded when I asked. She was wanting to know if I wanted to close it and I said I was not sure and that I might use it again in May when a CD matured. She mentioned that....they MATCH CDs.

So that was good to hear. Hopefully in May I can get them to match others rates so I don't have to open a new account elsewhere. But, It remains to be seen if they will match the top rates nationally. She may have meant locally, I did not ask.

Anyway, its a small local CU so I won't mention the name as you have to go in person to open an account.



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