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Belco's Online Banking

Archive for June, 2019

Getting A Credit Card From A Credit Union Vs A Bank

access_time Posted on: June 27th, 2019

Your credit card is a quick and convenient way to pay for necessities and fund the things you need. Credit cards from both credit unions and banks allow you to make purchases in stores and online, but there are some key differences in the services offered by these very different financial institutions. In this article, we answer your questions about how credit union vs. bank credit cards differ and how this affects the services and options you can expect when using the cards they provide. We’ll also summarize the pros and cons of getting your credit card from a bank or credit union. We’ll consider:   What’s the Difference Between Credit… read more »

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Money Market Account vs. Basic Savings Accounts: Pros & Cons

access_time Posted on: June 20th, 2019

Banks and credit unions offer a variety of options when you want to store your money. The key to making the best decision is taking your current financial needs and goals into consideration. Money Market Account vs. Savings Account Two popular options are the money market account and basic savings account. This post will outline the difference between the two, the pros, and cons of each option, and how to choose the best one that suits your financial needs. What Is A Money Market Account? A money market account is also known as a money market deposit account (MMDA). It is an interest bearing account which provides a higher interest… read more »

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