did you know that at least five percent of adults in America don’t have a bank account that means that they’re storing their hard-earned money in a piggy bank under a mattress or uh whatever that’s called this is our secret spot it’s very secure are you sure yep
totally well most individuals and businesses store their money with the financial institution for safe keeping they deposit it in and withdraw it out whenever they need have you considered using a bank or a Credit union what’s the difference Banks help protect your deposits
from fraud and theft and offer access to all kinds of services like loss of branch and ATM locations online banking special accounts Credit and debit cards and even big Loans for cars houses or starting a business they’re for Profit and make
their money mainly through various service fees and the interest charged on Loans Credit unions are similar to Banks but are usually exclusive to specific regions or none;">Industries like firefighters teachers or Farmers unlike banks Credit unions are generally non-Profit so they tend to have fewer products beyond the basic accounts cards and Loans but since they aren’t Under Pressure to make a
Profit they’re able to offer their members a better deal when it comes to fees and Interest Rates are both Banks and Credit Unions safe like anything in life there’s never no risk but government regulations set important rules for
financial institutions which helps make them more trustworthy and even if your deposits are somehow impacted by theft or loss the U.S government ensures up to two hundred and fifty thousand dollars to Banks through the Federal Deposit Insurance Corporation also known as the FDIC
and to most Credit Unions through the National Credit Union Administration or ncua this all adds up to a Dependable banking system which means your money is better protected and easier to manage that’s something Mr Piggy just doesn’t offer sorry almost
every financial institution offers checking accounts and saving accounts a checking account is where your deposits and withdrawals generally happen sometimes there’s a minimum deposit requirement a Savings account is for you guessed it saving your money usually you earn a
little extra money in this account thanks to interest but you may be limited in how often you can make withdrawals Credit Unions tend to pay higher Interest Rates than Banks into your Savings account additionally most employers are able to directly
deposit your paycheck into your bank or Credit union account that saves you the trouble of having to manage the cash or attract yourself for simple account needs like deposits and withdrawals you don’t have to wait in a long line during banking hours automated teller machines
or ATMs are convenient ways for you to access your account on your own at any time Banks tend to have more ATMs and more locations than Credit Unions so do I need to withdraw cash every time I go shopping nope once you’ve got an account you’ll probably get a debit card
these handy little cards link directly to your checking account and allow you to pay for things using the money that you have available without having to actually carry the cash spending more than what you have in your account will result in penalty fees though so be careful all right all right how
do we get started first determine your financial needs if you need access to more locations and ATMs or you like doing your money management online then a bank may be better for you if your needs are pretty basic and you prefer better rates and more personalized customer service then a
Credit union may be your best choice second get the details once you’ve picked your financial institution make sure you understand any fees limits or perks that come with the account you want to open or cards you want to use this will help you manage your money more carefully
and avoid surprises third manage and monitor take advantage of any helpful money management tools or advisors that your financial institution makes available to you keep an eye on your accounts and if you see any suspicious activity notify someone at your bank or Credit union
that’s why your money is there so they can help you protect it choosing what financial institution best fits your needs is a personal decision and when you find that right fit you’ll be able to manage your money with greater convenience and have confidence that a bank or
Credit union is keeping it safe for you watch more at prairiekids.com and parents don’t forget to subscribe
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Did you know that 99% of rich people don't save their cash?
They instead spend it on assets and investments that provides a far superior return rather than just placing it in the bank, and dont think for one second that they sit on a pile of cash, because the cash you see in their net worth is always tied with assets, so rather than sitting on a $10m dollar pile of cash, they see that same amount onto a painting, that also grows in value, making you richer
And did you know 99.999% of poor people spend money on liabilities rather than assets?
and it is actually making them poorer as the things they buy only take money from their pockets, rather than putting money in their pockets
And did you know that banks can 10x your money by doing something called fractional reserve banking?
Direct Express parades themselves as a financial institution. What a joke! In my opinion they suck!
#CIB_Summer_internship_2023
Prager please consider uploading ur videos to twitter too!
"banks protect you from fraud and theft" except for when they're the ones robbing you
Banks are not even safe anymore because of inflation.
even the biden's use banks, they just deposit in overseas ones
Credit unions are also member owned- owned by depositors – and support our local communities. We vote for the board members, people in our communities. They are the people's banks.
What the hells with this video?!? Do they not know we had two of the biggest bank collapses the last two months?
Oh but fdic? Can we really trust the gov. Come on PragerU your better than this……
The Bank: "…AAAnd, it's gone. It's gone. Please move aside for a customer who has money in their account."
Hiding money in Gold and Silver makes sense. Doesn't get eroded by inflation. Bitcoin and Ethereum are worth considering as well. The banks are corrupt, and in league with corrupt politicians. And the CBDC is coming. And that will be a massive blow to human freedom. We must resist that with everything we have.
And lets not forget, using a Debit card from your bank may aquire fees for using it to withdraw cash from a ATM. Some ATM's won't charge a fee but your bank might for making the transaction.
Economic Storms are Gathering | Peter Schiff | EP 353
Jordan B Peterson
https://www.youtube.com/watch?v=Bbi-_nn4zaw
In these times a video of a comparison between banks and credit unions should be done. There have been many banks that have been shut down and with CBDC's being started, that will give major banks rights to deny your transactions but a credit union can't do that and a CU can't gamble with your money, while a bank can.
Banking is okay if the bank doesn't make risky loans which can cause a collapse example Silicon Valley Bank
Banks aren't really that safe these days
So why drop this video now after another bank just failed? we are taking our tiny bit of money out of the bank tomorrow. I suggest others do the same. There is not enough money in America to cover every account. This leftist marxism, killing fossil fuels, bureaucrats running business and freedoms through "climate change" and other crusades.
PragerU really just be dropping life tutorials.
Banks are thieves
I thought this was going to be a parody of banks, not a promotion. The FDIC is a joke, bails-ins are a reality written into law. Keep only what you need for paying mortgages and other bills, deposit cash into your accounts as needed. People, they're resetting the system and the need for everyone to be broke and desperate is so they can implement CBDCs and force people into living where they want you to live for control purposes. In Orange County Kalifornia, we dozens of apartment buildings going up all of the place and most are far, far below full occupancy. I told my wife years ago when they started building these, they will be gilded prisons soon. Getting ready for "Smart Cities"?
You should have put in a graphic on how satisfying it is to smash that piggy bank.
HS curriculum?
Hey, don't offend mr. Piggy 🐽
f.d.i.c. does not cover our losses, look it up;, this video is the worst on the channel, because cash is on the way out and we're in free fall, you have to be kidding, because piggy banks are much, much safer. Your 'bad' Prager. Make it right. You're targeting the lowly 5%? Why?
Hiding money in books isn't a bad idea. Crooks definitely won't be stealing those.