What is the money in your Checking Account telling you?
New research suggests checking account consumers are doing something that indicates they don’t feel as secure about the economy as they would like. One red flag is the amount of money people are storing in a checking account or even lower yielding savings.
A recent checking study shows credit union checking account balances reaching an all-time historic high. Across banks, thrifts and credit unions, the average consumer checking balance has increased in 24 of the past 30 quarters.
Credit Unions deliver more in dividend earnings than a typical institution and often have interest earning checking.
Consider your consumer choice and take stock of your money and maximize your credit union relationship for larger returns that match your goals:
Take advantage of a credit union relationship. If earning more with your money and creating a strong financial future is your goal, consider more of what your credit union can do for you. Learn more about the MTC Federal advantage and deposit services designed to save and earn more.Open an Account