What the experts say

Sidestepping bank fees; Shop now for Medicare savings; The best ways to leave money

Sidestepping bank fees

Eager to avoid new debit card fees? asked Catherine New in DailyFinance.com. You might want to move your money to a credit union. These “nonprofit, member-owned” financial institutions typically offer “no- or low-fee checking accounts, low minimum balances to open accounts, and lower interest rates for small loans and credit cards” than mainstream banks do. Credit unions typically have fewer locations and smaller ATM networks than national banks, but many of them aim for more personalized customer service. And some of the perks can be sweet: One San Antonio credit union actually pays its customers 10 cents every time they use their debit cards. For people who want an alternative to Wall Street retail banks, says industry spokeswoman Patricia Briotta, credit unions are “a Main Street option.”

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