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Keep cash in CUs for higher returns says expert
MOUNTAIN VIEW, Calif. (5/18/09)--A financial expert and author speaking at Intuit's Town Hall series at the company's California headquarters about personal finance lists credit unions as one of her "seven ways to make money." "Look beyond your regular bank" is Farnoosh Torabi's fifth tip to Intuit employees (Business Wire May 15). Torabi notes that while the Federal Deposit Insurance Corp. is guaranteeing balances up to $250,000, "don't be afraid to look beyond your regular bank. Consider keeping that cash in online banks or credit unions for higher returns. Compare rates at BankingMyWay.com or Bankrate.com." Torabi is author of "You're So Money," a best-selling personal finance book. Mountain View, Calif.-based Intuit provides business and financial management solutions for financial institutions such as credit unions, small and mid-sized businesses, consumers and accounting professionals. To review the seven ways to save money, use the link.
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