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What are the benefits of investing with a local bank rather than an Internet bank?
Wiki User
∙ 16y ago
internet banks tend to offer higher interest rates then local banks but local banks give back to you community more and offer you more access to your funds. They make loans to you and your neighbors and local businesses. They pay property taxes and income taxes in your state. They also give back to you community through donations to community projects. They also provide jobs to people in your community.
Wiki User
∙ 16y ago
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