Credit Unions have several advantages but also some less advantageous aspects you should know about. For instance it may be more difficult to find a credit union shared branch in your area than it is to find a traditional bank. They may also have fewer options than traditional banks, but it is likely that they will offer you better conditions and perhaps even more ATM locations. In order to use the services provided by your credit union, you must become a member and a partial owner. That sounds more difficult than it is though, most branches make it quite easy to join.
Alternatives to banks and credit unions – Bitcoin investment and stocks
When it comes to actually depositing money to save it, there are, in my opinion many other even more lucrative possibilities. The economic world is changing fast and new opportunities arise every day. One such possibility can be found in the field of crypto investments another is the stock exchange. There are some very profitable concepts out there, but the difficulty is finding the good ones. In the second half of this article I want to show you some of the alternatives to the classic savings account that I have discovered and give a short overview of the gains you can achieve with them, but I will also mention the downsides, if I know of any. I will focus less on the stock exchange, for that area is covered pretty well on the internet, and more on the crypto-sector. For more detailed information about the individual projects click on the respective icons and read the full article. The page will be frequently added to, whenever I write new articles or find new projects, so it may make sense to save it and come back to it occasionally.
Getnode – My favourite!
Become a member in a Masternode-Coin Club and profit from the collective earnings.
Pros
- Have been operating for several years
- Easy registration
- Bitcoin investment and fiat transfer as a payment method possible! Simple, well structured dashboard
- Good to very good returns (varies – at the moment around 20-30% per year)
- Diversification across several masternodes coins
- No costs for the account
- Attractive referral system
- Very good and supportive community!
Cons
- Time to verify the account takes up to 14 days
- Capital bound for 180 days
- Minimum investment 0,2 BTC or 1000 Euros
- Not a risk-free investment (but what is?), because currency volatility affects the value of the investment
Poolnode – for starting small
Getnode’s “little brother”, different club but it works just the same and is operated by the same team. You can join with a smaller investment but also get less profits.
Pros
- Easy registration
- Bitcoin investment and fiat transfer as a payment method possible! Simple, well structured dashboard
- Good to very good returns à slightly less than Getnode, but still very good
- Diversification across several masternodes coins
- No costs for the account
- Attractive referral system
- Minimum investment from 0,015 BTC
Cons
- Not entirely risk-free investment either, because currency volatility affects the value of the investment
- Time to verify the account takes up to 14 days, deposit may take slightly longer than Getnode.
- Capital bound for 365 days.
- Minimum investment 0,015 BTC
Juicy Fields – starting at 50€
Invest in crowdgrowing medical Cannabis (with THC)
Pros
- Very high returns – up to 66 %
- Bitcoin investment and fiat transfer as payment method!
- Very good dashboard, easy to keep track of all the plants
- Growing market
- Company headquarters in Berlin
- Investments start at 50 Euros
Cons
- Medium risk investment (in my opinion) – fairly new company, no long term analysis, may still need to work some things out
- No personal experience with harvest yet, since it’s one of my newer investments. Will know more in late December.
[1] https://www.thebalance.com/co-op-shared-branches-how-customers-benefit-4177758#citation-6, visited 10.11.2020
https://www.investopedia.com/terms/c/creditunion.asp, 10.11.2020