Stocks & InvestmentsMar 16, 2023
Microsoftlazyengine
Should I move my money from credit union?
I have a good sum of money in a credit union savings account, as they offer good APR. Should I be worried and move them to big banks as smaller banks are in pressure?
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notReady4W Mar 16, 2023Most Credit Unions are insured by NCUA, not FDIC. Limits seem same. Just saying What rate are you getting 4.5%?
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notReady4W Mar 17, 2023But they drop later?
If it’s <250k you have nothing to worry. If not, you may want to split it regardless of the size of your bank. Svb isn’t a cu or a small bank by any means.