Ask HN: Who do you bank with?

Re:Ask HN: Who do you bank with? by daniel_solano on Tuesday October 25, 2011 @10:54AM (#3154262)

I do all of my personal and business banking at a local credit union. I like the fact that the shareholders of the credit union are the same as the customers. For investments, Vanguard also uses the same approach. This doesn't guarantee that it can't be poorly run, but at least then there is no conflict of interest as far as doing what is best for the business against doing what is best for the customer.

In general, the best advice that I have heard and read all points to going with a local bank or credit union. Unless you have millions of dollars, you're just a number to a large bank. With a local institution, you can develop relationships with the people in charge.

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Re:Ask HN: Who do you bank with? by canadiancreed on Tuesday October 25, 2011 @02:51PM (#3155335)

Tried that advice a few months ago, but the local credit union here (and there's only one in this entire province sadly), offered no better interest to my savings account, and wanted to charge me 3-5% more interest for any existing loans and credit cards that I wanted to more over. Guess they weren't hurting for customers too badly.

As for what bank, it's one of the five in Canada. Doesnt' matter much as to the name, they're all the same here really for anyone that isn't a millionaire.

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