Best Bank To Save With?

Discussion in 'Economy' started by NATO AIR, Nov 6, 2004.

  1. NATO AIR
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    NATO AIR Senior Member

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    I'm starting a savings account in January and was just wondering which bank anyone would reccomend that they've had good experiences with. thank you
     
  2. Shattered
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    Shattered Guest

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    I'd recommend a credit union over a bank. They're smaller, more personalized, and should you ever need a loan, their interest rates are usually lower.
     
  3. Isaac Brock
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    Isaac Brock Active Member

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    ING Direct. Very high interest rate.

    Downside? Online banking only, so you have to have a chequing account to make good use of it.

    However, the best long term savings is to lock your money up in investments. Especially now, as I believe the economy will start to rise.
     
  4. freeandfun1
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    freeandfun1 VIP Member

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    I agree with Shattered. Since you are in the Navy, there are some very good Federal Credit Unions you can join and their rates are generally pretty good and they don't have high fees - if any. Credit Unions are NON-profit, so they are much more competitive.
     
  5. eric
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    I would say to forget banks completely and find a good financial advisor. American Express and JP Morgan are two sound choices, with whom I have had excellent experiences.
     
  6. NATO AIR
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    NATO AIR Senior Member

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    thank you all very much :banana:
     
  7. Mr. P
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    Mr. P Senior Member

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    I agree a Credit Union would be a good move Nato. Join one if you can before you leave the service just for the option of having it available in the future. You may look into USAA also,
    it's an insurance Co for military Officers but they now accept NCOs too. Lots of differant services and you can't beat the insurance rates!
     
  8. sealybobo
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    sealybobo Diamond Member

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    Here is another doozy. Wonder if this guy has hung himself yet. :lol:
     
  9. Paulie
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    Paulie Platinum Member

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    Well you can probably expect JP Morgan to be sound, as they will be owning most banks as these bad days continue on. But I suspect that was Morgan's plan from the get-go, way back in the wee days of the inception of the Federal Reserve. It was pretty much his brainchild.

    I would recommend putting a decent percentage of your cash into PHYSICAL gold and/or silver, and to do it quickly because these prices may be rising fast in the near future.

    There is also a bank called http://www.everbank.com which I hear is very good. I don't use them, but they are sound, and they are very easy to deal with if you want to manage your money in precious metals.
     
  10. Zoomie1980
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    Zoomie1980 Senior Member

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    USAA is the absolute BEST financial institution out there for any military person. They will slam dunk any insurance rate from anyone else. Great banking services, with good rates. And a superb investment arm with great mutual fund offerings. Great place to get loans, too. My $30,000 credit card balance account is at 7.49%!!! My auto loan is 5.9%!!!
     

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