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.