Are there negative effects from using a single banking institution for all mortage, loans, credit cards etc.?
I currently use a credit union and have my mortgage and a equity line of credit with another bank but am considering switching those loans to the credit union. I’m just not sure it is smart to “put all your eggs in one basket”. The interest rates would be lower with the credit union for the equity line. Are there fees that would make such a move more costly in the long run?