Savings Powerpoint Maddie Trevorrow Chase Bank Checking Account

Savings Powerpoint Maddie Trevorrow

Chase Bank Checking Account o Minimum balanced required: Need at least $25 to open but to avoid the $12 Monthly Service Fee you need to have one of the following: $1, 500 minimum daily balance , Monthly direct deposits totaling $500 or more made to the account, or an average daily balance of $5, 000 or more in qualifying linked deposits/investments o Fees Charged: $12 Monthly Service Fee o Interest Earned: 0%

Chase Bank Automatic Savings Program o Minimum Balance: $25 o Fees Charged: $4 monthly fee Or A minimum daily balance of $300 or more in this account OR have at least one repeating automatic transfer of $25 or more from your personal Chase checking each month OR when you are under 18 years of age OR with a linked Chase Premier Plus Checking. SM, Chase Premier Platinum Checking. SM, Chase Private Client Checking. SM and accounts opened with Private Wealth Management. o Interest Earned: 0. 01%

Review of Chase Bank 3 because the fees are very high compared to the other banks, and though the minimum balanced required is low the fees charged are too high.

Bank of America Checking Account o Minimum Balance: $25 o Fees charged: No monthly maintenance fee when you have at least one qualifying direct deposit of $250 or more monthly or maintain an average daily balance of $1, 500 or more each statement cycle. Otherwise, $12 monthly maintenance fee. o Interest Earned: 0%

Bank of America Custodial Savings Account o Minimum Balance: $25 o Fees Charged: $5 monthly fee, no monthly fee if you meet one of the following requirements during each statement cycle: Maintain a $300 minimum daily balance or Set up an automatic monthly transfer of $25 or more from your checking account or Link to your Bank of America Interest Checking™ Account (waiver applies to first 4 savings accounts) o Interest Earned: 0. 01%

Review of Bank of America 2 because the minimum balance is low, there are no fees on the checking account and the fee on the savings is very low compared to other banks.

Flagstar Bank Checking (Red Wings Checking) o Minimum Balance: $50 o Fees Charged: $0 o Interest Earned: 0%

Flagstar Bank Savings (Simply Savings Account) o Minimum Balance: $1. 00 o Fees Charged: $3 monthly service fee or waive $3 monthly service fee if opened with a checking account or If you don't have a checking account, you can get the $3 monthly service fee waived simply by maintaining an average daily balance of $300 o Interest Earned: 0. 01%

Review of Flagstar Bank 1 because Flagstar has a very low savings minimum balance and only a three dollar fee. However, the minimum balance for the checking is high there are no fees charged. Therefore, I believe that the Flagstar Bank has the best setup and charges.