Answered on December 1, 2018
You may be charged a monthly maintenance fee when you have a savings account. However, most banks will waive this fee if you maintain the minimum balance required in the account. Money withdrawals can be expensive especially if you use an ATM outside of your bank’s network. The fees may also… Continue reading
Answered on November 13, 2018
Some banks may offer you cash bonuses when you open a new savings account with them. To qualify for a bonus, you’ll most likely have to set up direct deposit and keep the account open for a few months. Other banks may require you to deposit certain amount when you open the account with them…. Continue reading
Answered on October 26, 2018
Yes. Banks insure your money through the Federal Deposit Insurance Corporation (FDIC). This means that even if the bank goes out of business, your money will be safe, and you will get them back. If you open a savings account in a credit union, your money will be insured by The National Credit Union… Continue reading
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