“There’s no reason for Americans to stick with a bank that isn’t serving their needs. … And the long-term benefits of finding the right institution far outweigh the short-term hassles of moving.”
Americans seem to be enticed by higher interest rates and better banking products, according to the survey.
Forty-five percent of people would switch banks for a higher interest rate, and 25 percent of people who have switched banks did so because they were dissatisfied with the products their prior bank offered.
For a step-by-step guide to finding a new bank or credit union, check out “Loathe It? Leave It! 5 Simple Steps for Switching Banks.”