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CNN Money Tells Readers a CU is Best Place for Free Checking

by Ken Anderson | Mar 19, 2013
If you're looking for a free checking account, CNN Money tells readers that a credit union is probably your best bet.

If you're looking for a free checking account, CNN Money tells readers that a credit union is probably your best bet.

More than two-thirds, or 72 percent, of the nation's 50 biggest credit unions still offer free checking accounts without minimum balance or direct deposit requirements, compared to only 39 percent of banks, according to a new survey from Bankrate.com.

While free checking has declined across the board, it CNN Money reports that it has disappeared more rapidly at the banks - with 65 percent of banks and 78 percent of credit unions offering free checking in 2010.

Click here to read the CNN Money article.