I like the idea of a less profit-driven business that is maybe more community-focused but I wonder if they have the same capability as a bank? Have you been able to do your banking needs at a credit union? Was the customer service decent?
I like the idea of a less profit-driven business that is maybe more community-focused but I wonder if they have the same capability as a bank? Have you been able to do your banking needs at a credit union? Was the customer service decent?
Why compare to Chase? There are plenty of online banks that have high savings rates. Ally, for example, is currently 4.2%, and my Sofi account is currently 4.5%. I honestly just use my Fidelity brokerage account as my checking and savings, and I get ~5% on each (whatever money markets are currently doing).
Get a fee-free account at a bank or CU with branches for cash transactions and maybe loans, but keep the bulk of your cash at a higher-yielding bank.