Re: Savings accounts are a joke...
09-24-2012 08:15 PM
You also have to love the federal rule that went into effect this year wherein you cannot have more than 6 withdrawals per month of YOUR savings or you will be charged a fee from your bank. WTH is with that? It is my money and I should be able to move it to and from my savings as I want without the Feds telling my bank they have to charge me a fee. Not that I move money out of my savings more than 6 times a month, but it is the principle of it.
I actually closed my savings and opened a second checking account (no monthly charges), and while I may not earn my few pennies a month, at least I can withdraw money as I want without penalty.
I totally agree! They claim it's to protect you Or to prove you're not a drug dealer. A 2nd checking....interesting!