We recommend that consumers shift their funds from traditional savings to CDs and from banks to credit unions. If everyone did so they would earn about $40 billion more in interest annually. That's an average of about $400 per household. -Stephen Brobeck

 

We recommend that consumers shift their funds from traditional savings to CDs and from banks to credit unions. If everyone did so they would earn about $40 billion more in interest annually. That's an average of about $400 per household.


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This quote is just one of 9 total Stephen Brobeck quotes in our collection. Stephen Brobeck is known for saying 'We recommend that consumers shift their funds from traditional savings to CDs and from banks to credit unions. If everyone did so they would earn about $40 billion more in interest annually. That's an average of about $400 per household.' as well as some of the following quotes.

It prevents credit unions from extending their services to small employee groups.

Stephen Brobeck
252

Most Americans are now aware of the consumer debt trap and the need to build wealth, but don't believe they can do so.

Stephen Brobeck
241
We recommend that consumers shift their funds from traditional savings to CDs and from banks to credit unions. If everyone did so they would earn about $40 billion more in interest annually. That's an average of about $400 per household. -Stephen Brobeck
215

If consumers would simply maintain the minimum balance requirement, they wouldn't get hit with monthly fees and wouldn't bounce checks. You want to find a bank that has a minimum balance requirement you can meet.

Stephen Brobeck
183

Generally it's a good idea, but you need to comparison shop to make sure you get a good deal.

Stephen Brobeck
181
The bottom line for consumers is potentially billions of dollars a year in additional charges, fees, and higher interest rates and lower yields on savings. -Stephen Brobeck
160

Check the terms and conditions, particularly the grace period and fee levels -- whether or not there's an annual fee -- and interest rates.

Stephen Brobeck
111