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Money Magazine Touts Credit Union Deposit, Loan, CD Rates

When searching for the best rates on deposits and loans, credit unions are likely to beat those of the neighborhood bank, Money Magazine said on CNNMoney's Web site.

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NEW YORK — When searching for the best rates on deposits and loans, credit unions are likely to beat those of the neighborhood bank, Money Magazine said on CNNMoney’s Web site.

In a Sept. 12 posting, a reader wrote in asking why the magazine doesn’t list rates for certificates of deposits at credit unions. The writer wondered “[is] it because account insurance from credit unions isn’t as reliable as insurance you’d get from a bank?”

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