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View Diary: New Bank Fee-for-All: Truly Despicable Charges (111 comments)

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  •  Paying interest TO the bank (3+ / 0-)
    Recommended by:
    MKSinSA, chimpy, Losty
    Lower deposit yields: And, of course, in order to boost revenue some banks might decide to reduce the yield they pay on deposits. Interest yields are being cut on savings accounts, money market accounts, HSAs, CDs and interest checking accounts.

    Are being? My bank, a community bank to be sure, but also in business to make money, pays so little interest on savings, checking and CDs that I'm surprised I'm not paying them. Matter of fact, I asked my closest branch bank manager why savings accts didn't pay more interest and his reply was, "Because we don't have to." Okay.

    I'd withdraw my savings, but I don't really know what the account number is as it was opened to pay off a car and otherwise I've never paid money into it  and don't have a "passbook".

    •  You should get an automatic statement (1+ / 0-)
      Recommended by:
      salmo
      I'd withdraw my savings, but I don't really know what the account number is as it was opened to pay off a car and otherwise I've never paid money into it  and don't have a "passbook".
      from the bank at least once per year which tells you your balance and interest.   That would have the account number on it.  

      Renewable energy brings national global security.      -6.25, -6.05

      by Calamity Jean on Fri Nov 11, 2011 at 07:28:54 PM PST

      [ Parent ]

    •  Go there with your ID (0+ / 0-)

      They have computers and can locate your account info.

      People with hatred in their hearts never live up to their full potential. It's very sad.

      by Nelsons on Sat Nov 12, 2011 at 07:32:44 AM PST

      [ Parent ]

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