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Personal Finance Project

Personal Finance Project. Savings Comparing Banks Madison Flyte. Checking Accounts - Minimum Balance Required: $100 -Fees charged: no fees -Interest earned: no interest owned, not applicable. Columbia Bank. Savings Account

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Personal Finance Project

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  1. Personal Finance Project Savings Comparing Banks Madison Flyte

  2. Checking Accounts - Minimum Balance Required: $100 -Fees charged: no fees -Interest earned: no interest owned, not applicable Columbia Bank

  3. Savings Account - Minimum Balance Required: $100 -Fees charged: $3 a month -check/debit charges $1 per debit after third transaction if balance is less than $300 -Interest earned: yes, daily and paid monthly Ranking: 3 out of 3 because with checking account you do not have any fees to be charged but you do not receive any interest while you still have to have $100 in your bank account. Columbia Bank

  4. Checking account -Minimum Balance Required: at least $15 per month -Fees charged: no monthly fees if you spend at least $500 per month on credit card otherwise its$15 fee -Interest earned: 0-9,999: 0.05% 10,000-24,999: 0.05% 25,000- 49,999: 0.05% 50,000- over: 0.05% Fifth Third Banks

  5. Savings Account -Minimum Balance Required: $500 or more -Fees charged: If you don’t reach $500, you will have to pay a fee of $5 a month - If you don’t enroll in Fifth Third Military Banking you will have to pay $5 -Interest earned: 0-9,999: 0.05% 10,000-24,999: 0.05% 25,000- 49,999: 0.05% 50,000- over: 0.05% Ranking: 2 out of 3 because although you have to have at least $500 dollars in your account at all times, you will have the ability to increase your interest rates as your income grows Fifth Third Bank

  6. Checking Account - Minimum Balance Required: Keep daily balance at or above 100 -Fees charged: no monthly fee if: you follow have monthly direct deposits $500 or more -Interest earned: Earn interest Chase Bank

  7. Saving Accounts - Minimum Balance Required: $100 -Fees charged: $20 monthly fee -Interest earned: 0-9,999: 0.05% 10,000-24,999: 0.05% 25,000- 49,999: 0.05% 50,000- over: 0.05% Ranking: 3 out of 3 because like the other banks, you have to have at least $100 in your account at all times. Also, there are monthly fees if you do not reach their qualifications. On the other hand, you receive interest as your income rises. Chase Bank

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