Forget the debate over whether or not a credit union should keep offering free checking accounts, there are signs credit unions may eventually have to decide whether or not to charge their members fees for holding deposits.
Consumer uncertainty may have helped bank deposits grow to nearly $10 trillion.
Dan Geller at Market Rates Insight predicts retail banks will start charging interest on deposits.
High balance and rewards checking are just a few of the accounts that credit unions and banks are seeing increase in use.
The current landscape of business deposits may change when a Federal Reserve Act section is repealed in July.