D Dinarius Registered User Messages 549 20 Feb 2017 #1 Did a quick search and couldn't find anything on this topic. Apologies in advance if I missed a discussion. I presume that the dividends paid out vary from credit union to credit union, so a direct comparison between them and banks is probably not possible. But, is it possible to make a general observation as to the average dividend payout on deposits versus bank deposit interest? Many thanks. D.
Did a quick search and couldn't find anything on this topic. Apologies in advance if I missed a discussion. I presume that the dividends paid out vary from credit union to credit union, so a direct comparison between them and banks is probably not possible. But, is it possible to make a general observation as to the average dividend payout on deposits versus bank deposit interest? Many thanks. D.
S Slim Registered User Messages 2,783 20 Feb 2017 #2 Some idea here although the thread didn't really take off for 2016/17. http://www.askaboutmoney.com/threads/what-is-your-credit-union-dividend-for-2015.196754/ Overall, it is very low but sometimes better than banks. My local CU is paying .25% for 2016. By the way, you won't know the rate until after year end. You may need to fulfill certain requirements to join, residence, profession etc.
Some idea here although the thread didn't really take off for 2016/17. http://www.askaboutmoney.com/threads/what-is-your-credit-union-dividend-for-2015.196754/ Overall, it is very low but sometimes better than banks. My local CU is paying .25% for 2016. By the way, you won't know the rate until after year end. You may need to fulfill certain requirements to join, residence, profession etc.
D Dinarius Registered User Messages 549 20 Feb 2017 #3 Thanks. I'm already a member of a CU - Donore - and I have a small amount with them. I have a larger amount with RABO, and am wondering what to do. I don't really need the money, thankfully, so I could put it away for a while. Thanks again. D.
Thanks. I'm already a member of a CU - Donore - and I have a small amount with them. I have a larger amount with RABO, and am wondering what to do. I don't really need the money, thankfully, so I could put it away for a while. Thanks again. D.