If you think we’re fed up with the big banks, you should see how angry big-time blogger Arianna Huffington has become.
We think you should take your money out of the big banks because they aren’t paying squat for your savings. (See yesterday’s post Big Banks Pay Nothing For Savings.)
“Think of the message it will send to Wall Street — and to the White House,” she recently wrote on the Huffington Post. “That we have had enough of the high-flying, no-limits-casino banking culture that continues to dominate Wall Street and Capitol Hill. That we won’t wait on Washington to act, because we know that Washington has, in fact, been a part of the problem from the start.”
She calls out the same banks we have: JPMorgan Chase, Citibank, Bank of America and Wells Fargo (plus Goldman Sachs and Morgan Stanley). Click here to read the entire post Move Your Money: A New Year’s Resolution.
She also wants you to take your money to the same place we do — local banks.
Huffington is looking to reward the 8,000 community banks that didn’t cause last year’s financial crisis, have never needed a taxpayer bailout and continue to lend to small businesses.
We want you to reward yourself with a better return on your savings.
Take a look at our database of the best CD, money market and savings account rates to see how much more local banks are paying.
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