Today’s consumer tip: Check credit unions to save money on checking accounts

South Sound Credit Union MG_9631If you haven’t taken the opportunity to use the services of a credit union, be sure to check out the ones in your area to see if you can save money.

Credit unions provide the best deals on both checking accounts and savings accounts, according to a WalletHub report released Monday.

The quarterly report tracks more than 2,000 checking accounts and savings accounts available to consumers, small business owners, and students from financial institutions nationwide.

It found that credit unions offer the best deals on checking accounts, charging 70 percent less than national banks and providing nearly 10-times higher rates than regional banks.

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