move your money
2010-Jan-06, Wednesday 08:46 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mellowtiggerOf course, I'm of the opinion that feeding the exponential economy is always bad, no matter how you do it. Still... I wanted to pass along this website to everyone, as I think it can still be useful.
http://moveyourmoney.info/
It opened a few days ago. It's a way to look up your current zip code and find local, small, community-minded, highly-rated banks where you can move your accounts. As far as I know, every single American bank is FDIC insured, so your accounts are equally protected no matter where your money goes. This website makes the point, however, that your money can be used by banks in very different ways.
Remember these scenes from "It's A Wonderful Life"?
I'm considering it. I don't do savings accounts or IRAs or other "money hiding" shell games where profit magically shows up without my having to work for it, but I am considering moving my checking account (/debit card). Wells Fargo recently jacked up the interest rate on my credit card (just as I paid it to zero), so I might as well move that elsewhere too.
The founders of this movement (which started on the liberal left Huffington Post but seems to appeal to pretty much everyone) are also collecting stories from people about their banking experiences with large banks, small banks, and credit unions. Some of them have been interesting too.
It's a great reminder that you, "the people", do have powerful authority to dictate the nature of the market. You're not left solely to the whims of business executives and Washington politicians. That's always a good reminder, so I'm passing the information along to people who can learn from it. :)
http://moveyourmoney.info/
It opened a few days ago. It's a way to look up your current zip code and find local, small, community-minded, highly-rated banks where you can move your accounts. As far as I know, every single American bank is FDIC insured, so your accounts are equally protected no matter where your money goes. This website makes the point, however, that your money can be used by banks in very different ways.
Remember these scenes from "It's A Wonderful Life"?
I'm considering it. I don't do savings accounts or IRAs or other "money hiding" shell games where profit magically shows up without my having to work for it, but I am considering moving my checking account (/debit card). Wells Fargo recently jacked up the interest rate on my credit card (just as I paid it to zero), so I might as well move that elsewhere too.
The founders of this movement (which started on the liberal left Huffington Post but seems to appeal to pretty much everyone) are also collecting stories from people about their banking experiences with large banks, small banks, and credit unions. Some of them have been interesting too.
It's a great reminder that you, "the people", do have powerful authority to dictate the nature of the market. You're not left solely to the whims of business executives and Washington politicians. That's always a good reminder, so I'm passing the information along to people who can learn from it. :)