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I recently paid-off a loan with my old Credit Union with the loan I just got with my newer CU. My old CU moved the $50 to checking (Regular Draft) that I had originally been required to deposit into Savings (Share Draft) when I first got the loan before the one that was just paid-off.
Until now, that cash was locked away and has built - wait for it - $3.65 in interest! WOOHOO! Haha.
Anyways, why did they do this? Because I no longer have any auto loans? Either way, I am going to just move it into my current Credit Union's savings.
Until now, that cash was locked away and has built - wait for it - $3.65 in interest! WOOHOO! Haha.
Anyways, why did they do this? Because I no longer have any auto loans? Either way, I am going to just move it into my current Credit Union's savings.