I realize that my post titled 301 Saving Money Posts -- Hundreds of Ideas on How to Save Money was a bit like taking a drink out of a fire hydrant -- it can get pretty over-whelming to look at all those money saving tips at once. As such, I decided to post sub-sections of that list every once in awhile so you can look at all the money saving posts I have on one particular topic (a much more manageable task.) Today I'm listing ways to save money on banking. Here goes:
One thing you can add to that list of ways to saving on banking is to not use a bank. Find a local credit union to join. They typically provide higher rates on investments like savings accounts, money market accounts, and CDs as well as providing lower rates on loans. They don't gouge you with fees either. My credit union hasn't raised a fee in over 15 years and they provide free checks if you have direct deposit. There is no monthly maintenance fee of any kind. This is an excellent way to save on banking.
Posted by: rdub | November 20, 2006 at 03:52 PM