BANK COMPARISON By Rahel Kindya. Bank of America Rewards Money Market Where is it? It is from a traditional bank but has online access. APY.03 Minimum.

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Presentation transcript:

BANK COMPARISON By Rahel Kindya

Bank of America Rewards Money Market Where is it? It is from a traditional bank but has online access. APY.03 Minimum Balance to Open = $25 Fees = no fee if you have a balance of $2,500 or $12 Monthly Fee Transaction Limit: 6 transactions per month Why is it good? –It has the highest interest rates of all BOA accounts

Capital One Bank Where is it? It has online access. APY 0.75% Minimum Balance to Open = $0.00 Fees = no fee Transaction Limit: 6 transactions per month Why is it good? No changing banks. No fees. No minimums.

Synchrony Bank Where is it? It is from a traditional bank but has online access. APY 1.05% Minimum Balance to Open = $0.00 Fees = no fee Transaction Limit: 6 transactions per month Why is it good? Member FDIC ID theft resolution service. Synchrony Bank was formerly GE Capital Retail Bank.

Ally Bank money market Where is it? It is from a traditional bank but has online access. APY.99% Minimum Balance to Open = $0.00 Fees = no monthly fees. Transaction Limit: 6 transactions per month Why is it good? No minimum deposit to open. No monthly maintenance fees. Member FDIC.

Mutual of Omaha money market Where is it? It is from a traditional bank but has online access. APY.85% Minimum Balance to Open = $1,000 Fees = no monthly fee. Transaction Limit: 6 transactions per month Why is it good? Easy to open. Easy to fund. Easy to manage. Free online banking and eStatements. National network of free ATMs.

Chase Bank Where is it? It is from a traditional bank but has online access. APY= $250 bonus Minimum Balance to Open = $25 Fees = no fee If you have a balance of $2,500 or $12 Monthly Fee. Transaction Limit: 6 transactions per month Why is it good? Earn $250 for opening a Chasing savings. Chase total checking.