Difference between a bank and a "cooperativA" ?

sybillecutey

New member
May 16, 2007
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Does anyone know the pros and cons between having a savings acount in a bank versus a "cooperativa", are the interest rates way better ?
 

cobraboy

Pro-Bono Demolition Hobbyist
Jul 24, 2004
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From what I understand, a bank is a bank and a "cooperativa" is more like the old S&L's.

And cooperativa's pretty much just lend on housing.