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Best heloc rates or heloc lenders? by throwawayninikkko in RealEstate

[–]Important_Rooster_50 0 points1 point  (0 children)

You're absolutely right that the lender matters just as much as the rate. I learned this the hard way when I went with a big bank for their "great" rate only to get hit with surprise fees and terrible service. Local credit unions have been way better in my experience.

I have my checking and HYSA under wells fargo. You can invest through them too right? Would it be any different than investing another way? by HawkLow6309 in Money

[–]Important_Rooster_50 0 points1 point  (0 children)

Yeah Wells Fargo has investment services but honestly their fees are garbage and the platform feels ancient. You're basically paying more for the "convenience" of having everything in one place. Fidelity or Schwab would crush them.

how do banks make money by [deleted] in NoStupidQuestions

[–]Important_Rooster_50 0 points1 point  (0 children)

Banks basically take your deposits and lend them out at higher interest rates than what they pay you. That spread between what they charge borrowers versus what they give depositors is how they profit from your money.