Which is better: A Bank or a Credit Union?

Question

I'm about to open up my first checking account and savings account. I am 16 yrs old and i need to start saving up for college!

Answer 1

Credit Unions usually have better rates and not as many fees as normal banks.  Credit unions have a limited amount of deposit atms but most credit unions let you use the atm to withdraw at 7 Eleven or Costco

Answer 2

easy question, credit unuon is better cause they pay higher savings rates and charge lower loan rates.  this might not matter now but it will later.  make sure you get a checking account with NO monthly maintanance fees.  if they charge a monthly fee to keep the account open, per check, etc go somewhere else to open the account.

Answer 3

You will probably get a better interest rate at a credit union. But they tend to have few locations than a bank.