@baller4life wrote:
@Anonymous wrote:
@baller4life wrote:
@Anonymous wrote:
Sure if you want to start a relationship with a bank that tries to steal money from their customers left and right, offers nothing better than a 0.15% CD savings rate, even if you're locked in for 10 years, offers medicore credit card rewards, and answers to Wall Street stockholders, then more power to you if you think that's an accomplishment.
Not sure why you'd want a relationship with a bank that puts its own interest before yours, when you can save more, earn more, and get more free stuff from other financial institutions.
Bitter much? LOL. I take it you had a bad experience with BOA?
Not really, it's just common sense. If you can't see that, there's no helping you.
If you'd rather not do business with an institution that provides free checking, free checks, friendlier customer service (because you are the owner), higher savings rates, and who isn't constantly in the news for either breaking the law and not reaching their profit bottom line for the quarter, then I would respect what you have to say much more than I do right now.
If you'd rather call me bitter for using the common sense approach, I'd rather you just ignore me, thank you.
I just asked a question. If you were bitter. I didn't call you such. And believe me, you are preaching to the choir. I LOVE CUs!! I am a member of several and do ALL of my banking at CUs. So I get it. I just happen to have a diversified portfolio that does included cards from a few banks for various purposes.
You are most certainly entitled to your opinion regarding BOA. I was just sharing my personal experience with their secured product. And it was extremely positive. I can't vouch for their banking side shenanigans. All I know is they have been VERY generous to the members here regarding their credit cards. All you have to do is check the Approvals section and see for yourself.
I'm not entirely a "big bank hater." As you can see in my signature, I have a Citi Double Cash card. You won't find too many CU's with a 2% back credit card (or 1% + 1% , however you want to refer to it). However my point was I stated a few facts about BofA and what makes them look bad, and you proceeded to ask me if I'm bitter. Asking someone if they're bitter after they've stated facts to back up their opinions is not the correct way to reply to someone.
I do, however, think just like in every area of life, there are those who make bad decisions that effect them, whether they know it or not. It is very obvious people are better off in a institution that doesn't intend to make huge profits, doesn't answer to those who only invest money into shares to grow their IRA, but not actually use the institution themselves, or one that keeps the money in the community.
Why would you pay higher interest rates and more + higher fees on mortages, loans, credit cards and on a line of credit, when you can get a lower rate on a mortage, credit card, line of cred or a loan through a CU? Not to mention the CU will be more willing to work with you in your times of financial hardship, whereas a commercial bank will just pull the rug on you to maximize profits.
Why would you pay a commercial bank $30 for a checkbook when a local credit union will gladly buy you 100 checks a year for free?
Why would you invest in a 5 year CD for a 0.15% return when you can get 2.15% back at your local credit union?
It's common sense.
