SAVINGS By Sydney Akin BANK OF AMERICA Checking

SAVINGS By: Sydney Akin

BANK OF AMERICA Checking Account: My. Access Checking Minimum Balance Required Fees Charged • Initial deposit of at least $25 • Grace period of 30 days to fund • $1, 500 balance to avoid fee • • No maintenance fee if: • One direct deposit of $250 or more • $12 monthly maintenance fee • $35 (overdraft) $35 (insufficient funds and returned items) • $30 (stop payment) • $2 non-bank owned ATM) Interest Earned 0% Rating: I would rate My. Access Checking a 3 because you have to keep a balance of at least $1, 500 to avoid the monthly fee. It also doesn’t earn any interest. You also have an overdraft fee which some of the other options did not.

BANK OF AMERICA Savings Account: Regular Savings Account Minimum Balance Required Fees Charged Interest Earned $5 monthly maintenance fee • No maintenance fee if: • Make combined monthly automatic transfers of $25 or more from your checking account • Link to your Bank of America checking account • $3 Excess Withdrawal fee 0. 01% • • Initial deposit of at least $25 • $300 balance to avoid fee Rating: I would rate the Regular Savings Account from Bank of America a 1 because you only have to maintain a $300 balance to avoid the monthly fee and the initial deposit to open the account is low. Also you earn interest, even though it isn’t high. You can also link this account to your checking account to coverdraft fees.

PNC Checking Account: Standard Checking Minimum Balance Required Fees Charged Interest Earned $7 monthly charge • $36 overdraft • No Monthly Service Charge if : • $500 in qualifying 3 monthly direct deposits to this account • Account holder is age 62 or over 0% • • • Initial deposit of at least $25 $500 balance to avoid fee Rating: I would rate the Standard Checking account from PNC a 2. The low initial deposit to open it is nice, and the $500 balance to avoid the monthly fee is manageable and lower than other options. The overdraft fee is the highest one I have seen yet, and you don’t earn any interest which are negative things about this account.

PNC Savings Account: Statement Savings Minimum Balance Required Fees Charged • • Initial deposit of at least $25 • $400 monthly balance to avoid fee • $3 withdrawal fee (after 3 withdrawals) • Monthly service charge of $4 • No monthly service charge if: • At least one Auto Savings transfer of $25 or more each month from your PNC checking • Account holder is under age 18 • First year for Foundation Checking customers Interest Earned 0. 01% Rating: I would rate the Statement Savings account from PNC a 1. The low deposit fee is nice, also the $400 balance you must maintain to avoid the monthly fee is very reasonable. You are earning interest even though it isn’t much, and the withdrawal fee is low but you only get

CHASE Checking Account: Chase Total Checking Minimum Balance Required Fees Charged Interest Charged Initial deposit of at least $25 • $1, 500 minimum balance to avoid fee • $34 overdraft fee • $12 Monthly Service Fee • No monthly service fee: • monthly direct deposits totaling $500 • average daily balance of $5, 000 or more in qualifying linked deposits 0% • Rating: I would rate the Chase Total Checking account a 2. The low initial deposit of $25 is nice. The $1, 500 balance to avoid the monthly fee is kind of high in my opinion. The $34 overdraft fee is the lowest one I have seen which is nice, but a downside is that you aren’t earning any interest. A plus to this account is that you get free checks, online banking, and cellular banking.

CHASE Savings Account: Chase Savings Minimum Balance Required • • Initial deposit of at least $25 Balance of $300 to avoid fee Fees Charged Interest Earned • $4 monthly service fee • $5 withdrawal fee (after 6 withdrawals) 0. 01% Rating: I would rate the Chase Savings account a 1. The low initial deposit of $25 is nice, and so is the balance of at least $300 to avoid the fee. This is one of the lowest balances I have seen. Also another great things is that the withdrawal fee is only $5 after 6 withdrawals, which was the highest amount of withdrawals allowed before being fined that I have seen. Another plus to this account is that you are earning interest.