Which of the following is the better banking option for someone who keeps an average balance of $1000, needs liquidity and does ten transactions per month?
A) Quick Bank pays no interest, has no ABM fees but charges a $10 monthly account fee.
B) Savers Bank charges a $50 annual fee for the account, pays interest at three percent, and has $1 ABM fees.
C) Street Bank charges no annual fee, pays two percent interest, charges $1 ABM fees, and requires no minimum balance.
D) Corner Bank requires no minimum balance, pays one percent interest, and has 50 free ABM withdrawals annually.
Correct Answer:
Verified
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