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People care about interest rates when they open accounts and apply for loans. They want to know how much they will earn or pay at the end of the loan term. Considering that banks are aimed to make profits they have lower interest rates on savings accounts and higher rates for loans. On the other hand, credit unions don’t think like that, since they are not oriented towards making a profit. They are able to offer better rates in both situations and people can easily compare them to see the evidence.

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