Not sure if you should move your money to another (maybe better) financial institution? MSN Money featured a story today from Jennifer Goforth Gregory of SavingsAccounts.com that helps you decide whether it's time to "ditch your bank".
"4 signs you should ditch your bank" asks "Have you had the suspicion lately that your longtime bank no longer suits your needs? Or have you recently opened an account at a new bank, only to feel like it's not a good fit?"
Gregory outlines the four things that might make switching your primary financial institution a good idea. They are:
Your savings account interest rate is only average.
Your checking account has a monthly maintenance fee.
You rarely visit your local branch.
The customer service has declined at your bank.
Each topic is discussed by Gregory, and while she makes no nods to credit unions, many credit unions offer higher savings rates, 100% free checking, plenty of online services and mobile banking, and are consistently rated as the top financial institutions for customer service.
The article also mentions SavingAccount.com's Bank Switch Kit as a tool to use when switching to a new financial institution. Often your new financial institution can provide valuable tools as well.
To read the article in it's entirety, click here.