Move Your Money Mondays
Hey Roc City!
You may have already heard, but yes, there is something you can do. De-fund the 1%, and fund locally. The Occupy movement has inspired hundreds of thousands to move their accounts from the “too big to fail” banks to local credit unions. There’s a lot of reasons to do this - it’s not just altruism. You can potentially get better rates (we got a great rate on our mortgage), better or no fees, and a personal touch.
A new site, Banxodus, has been launched to help folks figure out where to move their money. I believe this is one of those “Crowdsourced” sites, meaning that they may be able to use some help filling in some of the info about Rochester area banks. Take a look and see.
Have any RT readers “moved their money”? I’d love to hear your experiences in the comments.
Related posts:
I made a video protest recently for my blog. It is quite funny even if you are pro-megabank. I called my credit card’s customer service line to do some negotiating. Having a bit of leverage, I thought it presented a great opportunity to mess with them a little and make a few points about the unfairness of the credit card lending system. Since it’s a protest at home, I called it my kitchen counterstrike against Bank of America. I think you might enjoy it. http://www.ragingwisdom.com/?p=508