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Savings Rates: Better to Beat Banks?

Credit union premium savings rates are 75% higher than banks. Is that good financial management?

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As of Aug. 28, the premium savings rate offered by credit unions was .14% APY on average, which is 75% higher than the average rate of .08% APY offered by banks, according to a new report by GOBankingRates, a Los Angeles-based lead generating site.

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