Reviewed by Shannon Martin, Licensed Insurance Agent.
“Traditionally, credit unions are able to offer the best interest rates because they’re technically nonprofit organizations. Note that you might have to meet certain requirements to become a member of a credit union.
Banks, online lenders, and other third-party lenders sometimes offer special rates that are competitive with rates from credit unions. To get the best rate, shop around at these places in your area or use an online aggregator, such as
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