Do recent survey results - three in 10 Americans have not visited a branch in the past six month - mean the death of branches is rapidly approaching?
Bankers say consumers want both digital services and branches, but research suggests consumers have cooled on brick-and-mortar, especially for transactions.
Bankrate.com releases survey of bank and credit union checking accounts.
Community banks also offer far more free checking options than big banks. Economist blames interchange cap on large institutions.
Since 2010, credit unions offering free checking dropped from 78% to 72%, while it plunged from 65% to 39% at banks.
Fed keeps funds rate where they are, exceptionally low; Bankrate economist sees home equity opportunities.
Survey finds free checking with no minimum balance 72% of largest credit unions compared with 45% of banks.
FOMC maintains low levels for federal funds rate at 0% to .25%.
Searching for a parking space at a crowded mall lot may throw a shopper looking for that last minute gift completely off.
A new survey of the nation’s 50 largest credit unions and banks shows consumers still skittish about parking their money in longer-term certificates of deposit.