For most of us, shopping around is second nature. We compare prices on everything from groceries to cars without thinking twice.
But when was the last time you checked whether you’re getting the best deal at the place where you keep your money?
Between checking account benefits, loan rates, and other financial products, it’s worth asking yourself a simple—but important—question every now and then: Is my financial institution really working in my favor?
Keep Up to Date on Interest Rates 💲
Many people shop around for the lowest interest rate when they first take out a loan. After that, they rarely look again.
But when interest rates drop, refinancing your mortgage, auto loan, or other debt can make a big difference.
It’s smart to check with different financial institutions to see what rates they’re offering. Just don’t stop at the interest rate alone. Some loans come with extras—both good (like perks to earn your business) and not so good (like hidden fees).
Make sure you understand the full picture before signing anything.
If the numbers work in your favor, refinancing could mean lower monthly payments, less interest paid overtime, or both.
You can visit Metrum Community Credit Union’s rates page to see our base loan rates or contact us to learn what rates you may qualify for.
Are Your Credit Cards Working for You? 💳
Credit cards are now the go-to way to pay for everyday purchases, which makes choosing the right card more important than ever.
So, what’s the “right” card? It depends on how you use it.
If you pay your balance off every month, rewards like cash back or points may be your top priority.
If you often carry a balance, though, those perks may not be worth a higher interest rate.
Understanding how you use your credit card can help you decide what matters most. Learn more about Metrum’s credit card options to see what fits your habits.
What Perks Come With Your Checking Account? 🏦
Checking accounts may seem simple, but not all of them are created equal.
Here are a few things to look for:
- Watch for fees. Many institutions offer “free checking,” but some still charge monthly fees or debit card fees. Make sure you know what you’re signing up for.
- Can your account earn money? Most basic checking accounts don’t earn interest. However, some offer interest or cash back if you meet certain requirements. At Metrum, these features typically involve direct deposit and/or a set number of debit card transactions each month.
- Look beyond interest. Extra perks can add real value. For example, all Metrum spending accounts include free automatic overdraft transfers from your other accounts, helping you avoid unnecessary fees.
- Is it easy to manage? Banking should be simple. Make sure your financial institution offers easy-to-use online tools, like a mobile app or website, that let you transfer money and manage your accounts anytime, anywhere.
You can explore the three spending account options offered by Metrum to see which one fits your needs.
Want to Learn More About What Metrum Can Offer You?
We’re proud of the rates, digital tools, and account benefits we offer our members. If you’d like to learn more, give us a call and speak with one of our representatives.
We’re happy to review your current accounts and loans and show you where you might save money or gain better benefits.