Bank FAQs

Frequently Asked Questions about Banks and Credit Unions

What is a bank vs. a credit union?

We wrote a detailed blog post on this topic! Check it out here. 

what is a wire transfer?

Why do I need a bank?

Banks are important because they allow you to participate in modern life. While some people have managed to live without using a bank, it's much easier to get a credit card, a loan or store money with one. Banks are also a precursor to credit history, which is required to be approved for any sort of debt. 

What is a mortgage?

A mortgage is a type of debt in which a bank or other financial institution lends money and takes the title of a piece of property as collateral. The principal of the loan is repaid with interest. This type of loan is usually used to buy houses or other real property.

Mortgages

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Today's 30 Year Mortgage Rate

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3.002% APR

2.876% APY