Survey Finds that Gen Y Prefers National Banks, While Seniors Prefer Local Banks

A nationwide survey from GoBankingRates.com finds that banking preferences vary by age, as older Americans like saving their money in community banks, while young adults favor national banks.Los Angeles, CA July 25, 2013 – Americans 65 and older prefer banking with local banks  (at 50.5 percent), whereas young adults age 18-24 favored national banks (at 38.5 percent), according to recent data from GoBankingRates.com. Casey Bond, managing editor of GoBankingRates.com comments, “Considering the