banking

6 cutting-edge bank alternatives

Banking »

Can you do better than a bank?
Previous
1 of 7
Next
Can you do better than a bank? © Roman Levin - Fotolia.com

Can you do better than a bank?

Tired of plain-vanilla banks and bucks?

A fleet of upstart companies and even old ones with new offerings are betting yes. Offerings range from innovations, such as virtual currencies, to older ones, such as company credit unions, that can save you money.

"Most places these days want to be one-stop shops," says Robert Laura, president of Synergos Financial Group in Howell, Michigan. Meanwhile, banks are dinging people with ATM fees or overdraft protection.

Laura warns buyers to beware. Watch out for limited services or high fees. Not every alternative money source may be for you. Some are works in progress. That said, here are six banking alternatives on the rise.

Previous
1 of 7
Next

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Do savings bonds ever lose value?

Dear Dr. Don, If you own a 35-year Series I savings bond and have held it for 10 years, is it possible for it to lose value if you need to cash it in before it matures? Can the price actually go down at times? Thanks, ... Read more

advertisement
Partner Center
advertisement

Connect with us