Quote:
Originally Posted by carcrazy
Yes, it makes a difference....those 100 people with 10k in the bank are likely charged more in fees than the one person with million.
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Who pays fees at the bank?
I don't have anywhere near a million dollars in the bank, but I pay absolutely ZERO fees.
I have no fee checking, a sub 3% mortgage (obtained 5 - 6 years ago and get paid 1.5% interest on the balance (up to $15,000) in each of our 2 checking accounts. Over $15,000 only get .2% interest.
I could get a sub 2% mortgage right now with no closing costs, but as noted earlier in this thread, we just sold our house (closing on or about 1 November).
Pick the right financial institution and learn their programs. Don't bounce checks and pay your mortgage/car payments on time and you shouldn't have any fees to worry about.