Savings Assignment BY HALEY GOLD Charter One Checking

Savings Assignment BY: HALEY GOLD

Charter One � Checking Account � (Personal Checking With Interest) Minimum Balance Required: $50. 00 Fees Charged: $11. 99 per month � This fee can be waived for people maintaining an average daily balance of $2, 500 Interest Earned: 0. 01% � Savings Account � (Green Savings) Minimum Balance Required: $1. 00 Fees Charged: $4. 99 per month � This monthly fee can be waived if there is a $300. 00 minimum daily balance or an automatic savings plan with at least a $25. 00 deposit each month Interest Earned: 0. 01%

Bank of America � Checking Account � (My. Access Checking) Minimum Balance Required: No minimum balance required Fees Charged: $12. 00 per month � This fee can be waived if there is one qualifying direct deposit of $250. 00 or more monthly. A second way to waive this fee is by maintaining an average daily balance of $1, 500 or more. Interest Earned: No interest is earned � Savings Account � (Personal Money Market Savings Account) Minimum Balance Required: $25. 00 Fees Charged: $12. 00 per month � This fee can be waived if you can maintain a $2, 500 minimum daily balance. Interest Earned: 0. 03% to 0. 07%

Comerica �Checking Account �(Premier Checking) Minimum Balance Required: $50. 00 Fees Charged: $20. 00 per month Interest Earned: 0. 01%- 0. 05% �Savings Account �(Money Market Investment Account) Minimum Balance Required: $50. 00 Fees Charged: $12. 00 per month Interest Earned: 0. 03% to 0. 05%

Ratings � 1: Bank of America I would rate Bank of America as the best bank because it has no minimum balance for a checking account. It’s monthly fees can reasonably be waived, and it offers the most interest for savings accounts. � 2: Charter One I would rate Charter One as the second best bank because it has the lowest monthly fees. The minimum balance required for a savings account is very low and both savings and checking accounts make interest. � 3: Comerica I would rate Comerica as my last place bank. This is because it has the highest minimum balance required for both checking and savings accounts. The monthly fee charged for a checking account is the most expensive. These fees are more difficult to waive.