Making banking easier for those on tight budgets
If you think you don’t have enough cash flow to justify opening a bank or credit union account, it’s time take another look at what your options are.
I’ve found several options for free or low-cost accounts for my local readers in Monroe, Mich., and now here’s a national article on the topic. CNNMoney has this report: Banks and consumer groups target consumer savings.
A snippet:
16 major banks have recently lowered minimum balances on savings accounts, making it easier for people to save without having to worry about getting socked with low balance fees. US Bank has no minimum savings account balance, while Regions has a $5 balance and Bank of America has a $25 minimum balance.
Posted: February 18th, 2010 under Financial Literacy, In the News.
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