Choosing a Bank

[pennypinch]

When you first notice new fees or increased fees at your bank then you should be alerted to start shopping arounf for a new bank possibly.

Banks need your business to thrive. Without you, they have nothing. So many banks have pretty good offers to get your business. Often when a bank inserts new fees they feel that they have had your business for so long that they won't lose you.

If your lucky you can find a bank that has no monthly fees plus a good interest rate for your savings. But sometimes you have to decide what is more important for you.

If you have a decent savings... $10,000 or more, you may want to find a bank that has a high interest rate and not worry so much about monthly fees because you will do well with interest.

If you have a smaller savings than find a bank with little to no monthly fees and free checking.

I have no monthly fees and free checking but the interest rate isn't much. If my bank started putting in fees I would definitely start shopping around for another bank.