R
26

Stumbled on a stat about broker fees that flipped my thinking

I always thought banks were cheaper for regular savings, but I found out my local credit union in Austin charges a $5 monthly fee on accounts under $500 which adds up fast. Then I saw a breakdown on NerdWallet showing brokerages like Fidelity and Schwab have zero fees on cash accounts plus higher interest rates. Has anyone else found a hidden fee at their bank that made them switch to a broker?
2 comments

Log in to join the discussion

Log In
2 Comments
taylorm89
taylorm891d ago
Damn, the credit union fee is sneaky lol.
5
bettyh84
bettyh841d ago
Beat that fee by parking my emergency fund in a brokerage account.
5