Copyrighted Image? DMCA | Last year, 10 percent of customers moved their money out of their bank, a significant increase over the previous few years, with fees the number one reason people cited for their discontent. In the 90 days ending in February, a whopping 5.6 million people switched their banks.
At the nation's biggest banks, those with more than $33 billion in assets, transfer rates are running above 10 percent, while transfer rates are below 1 percent for small banks and credit unions. In fact, one of the main beneficiaries of Americans moving their money has been the nation's credit unions, as, according to the National Credit Union Administration, credit union membership is now at an all-time high... |
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At thinkprogress.org
At thinkprogress.org
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