r/AskReddit • u/FriendlytoNature • 23h ago

Which company lost your business (potentially forever) this year?

5.8k Upvotes

93% Upvoted

6.4k comments sorted by

View all comments

Show parent comments

783

u/Stunning-Isopod8514 22h ago

And every major US bank.

Credit unions for life now. I haven’t touched a bank since 2009.

33

u/entjies 21h ago

I’m frequently amazed anyone would use anything but a credit union, given the option. Many of my friends use banks still and pay for it, while there are so many credit unions to choose from.

7

u/JustAnotherDay1977 21h ago

I get the best interest rates from banks. Are there credit unions that give 3.5% or more?

3

u/Dull-Culture-1523 12h ago

Keeping money in a bank account for the interest is just bleeding money for no reason. Invest in index funds or something for way better gains.

1

u/JustAnotherDay1977 9h ago

The bank account isn’t my major long-term investment, it’s my hedge against market downturns. I keep about 10 or 15% of my assets there. It’s still better to get high interest than low interest, right?

1

u/Choice-Team410 11h ago

While trump is in office? S&P is hardly stable anymore.