Banking! USAA vs. Navy Federal

[Kroze]

Hi everyone, I have a question for you guys who's in the military.

Right now i have 2 bank accounts, USAA & Navy Federal. I'm thinking of closing the Navy Fed. one and have just one USAA. Could someone tell me is it a bad idea for me to do that?

What are the benefits of Navy Federal? I know that it's a credit union and all and that you have to be in the armed services to join. But as of now, i think USAA provide much better services altogether. Am i going to regret closing the Navy fed account?

 

[GTaudiophile]

USAA is great. The best customer service in the industry. My parents and I use them for everything. I'd stick with them.

 

Sounds like a college football matchup!

Army vs. Navy!

 

[Kroze]

Originally posted by: GTaudiophile
USAA is great. The best customer service in the industry. My parents and I use them for everything. I'd stick with them.

I know that they're great. But what does Navy Federal do that's better than USAA?

 

[GTaudiophile]

Sorry, but I have no experience with Navy Federal. I had never heard of it.

 

[malbojah]

My sister (who has a Navyfed account) says to at least keep the navy account open, even if it's only with $10. That way you would be able to play the interest rates off each other.

She also said that once you close you Navy accoun, that you wouldn't be able to open one up again..

 

[KingNothing]

A friend of mine uses USAA (I can't because I'm not military) and loves it. He was telling me the other day about the personal liability insurance they offer. For 1-2% of the initial purchase price per year, they'll insure most of your possessions (including laptops) against anything happening to, even if it's your fault.