What is a savings and loan institution?

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Like credit unions, savings and loan institutions can have certain advantages over

ordinary commercial banks in that they can offer lower interest rates on borrowing and higher returns on savings. Although they used to specialize in the savings and loans services they have now broadened their services to sometimes offer checking accounts, for example. So like with other previously specialized financial services institutions the boundaries are increasingly blurring.

What is a savings and loan institution?

By: Harvey Serrano

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