The funniest part is how the Smartly savings is required but you shouldn't actually put any money in it
Oh well, contrary to the doomer posting, opening the account and moving money in took all of ~4 minutes via online ACATS transfer. In the meantime, I've had a few months of 4% and will continue to ride it into the ground until they come for the grandfathered folks.
cr@p
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So from what I am seeing here, the new terms seem to indicate that the IRA annual fee *is* waived for Gold and above.
"Maintaining an open U.S. Bank Smartly® Checking account in the Smart Rewards® Gold Tier, at a minimum, is required to waive the IRA annual fee. The IRA annual fee waiver does not apply to Personal Trust IRAs."
I have been a bit confused as there has been some discussion of a distinction between an IRA at US Bank Directly vs. one with U.S. Bancorp Investments. The new terms do not seem to address that nuance in any way??
Also not called out but making an assumption. If someone is at the Gold level or above, it appears that it would waive *multiple* Smartly Checking montly fees, but again is not called out specifically. I have a personal account and a joint account. Wish it would be more clear that both would get the waiver (or not).
On my side, this also confirms the other bad news. As expected, there is no longer any waiver for a HELOC. I was waiting to make sure but this makes it much less appealing to keep mine open. It is a nice back up but with no fee waiver, not really seeing it as worth keeping open anymore.
