Which one do you prefer and why?

>bank

when will this meme end

>>1658243
so you just keep all your money in cash under your mattress or something? explain

>>1658242
Dividend yielding etfs and reits. Banks have atrocious interest rates right now.

>>1658242
Here's a loosely kept secret, friend:

They're both the same

"Credit union" is just a name for a bank.

>>1658301
Completely different things. Banks pay interest on your deposits while credit unions pay dividends.

>>1658364
And how are those different in the real world? Really. I'm curious.

>>1658364
>>1658376
Yeah, I too am curious on the difference in terms.

>>1658376
i guess because interest rates are regulated by the central bank where dividends are not? not sure if its more complex than that

So it looks like you guys know about as much as I do. I'm glad I posted this. Can somebody clear clear this up?

>>1658242
The one with the highest interest rates and the one that doesn't fuck me over during an economic collapse.

>FDIC insured

Yeah right LOL

Aside from getting fucked by annual services fees I would say credit union. No big difference really though aside from the fact that not support online like most big banks.

>>1658464
True, but that's just a difference on paper. The actual returns, whether paid as interest or dividends, are going to be somewhere between 0.05% and 1%. I think the anon above was just talking out of his butthole.

>>1658464
>>1658376
>>1658528

taxation is not the same for dividends and interests

>>1659121
True, but when you're getting less than 1%, it really doesn't matter. You're losing out big time to inflation; bank accounts are not investments.

>>1658242
Credit Union because I am not rich enough to utilize the benefits banks offer, instead my ass would be raped by account fees

Bank.

I like having access to many branches. I don't see why people dislike banks.

I live in Canada and I've NEVER had an issue with my bank before.

>>1660077
>account fees

What fees? At my bank all fees pretty much are waived if you maintain a balance of at least $3 000.

>>1660090
For Chase checking accounts I think it's $1,500. Wells Fargo even has free checking. >>1660077
is just not knowledgeable.