BANK COMPARISON MELAK AL RADHI. M Y SAVINGS DIRECT Where is it? It’s a traditional savings bank, Emigrant Bank, APY 1.25% Minimum Balance to Open= no.

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Presentation transcript:

BANK COMPARISON MELAK AL RADHI

M Y SAVINGS DIRECT Where is it? It’s a traditional savings bank, Emigrant Bank, APY 1.25% Minimum Balance to Open= no minimum balance required Fees= no fees Transaction Limit= N/A Why is it good? your account is FDIC insured up to the legal limit and always secure

S FGI DIRECT Where is it? SFGI Direct is an online division of Summit Community Bank APY 1.06% Minimum balance to open= $500 deposit minimum is required Fees= no fees Transaction limit= There is no maximum dollar limit of any single External Transfer to or from any SFGI Direct Savings account Why is it good?. Each depositor is insured up to the maximum amount allowed by the FDIC Deposit Insurance Coverage Limit in affect

S ALEEM F IVE D IRECT Where is it? It is from traditional bank and has online access APY 0.25% Minimum Balance to Open=$100 Fees= no fees for ATM transactions conducted at non- Salem Five ATMs, for other banks charge up to $15 per statement cycle Transaction Limit: ATM and PIN based transactions do not qualify. Why is it good? provides customers of Salem Five with full deposit insurance on all of your deposit accounts

D ISCOVER Where is it? It is from a traditional bank APY 0.95% Minimum Balance to Open = $500 Fees= free Transaction Limit: N/A Why is it good? Annual Interest Earned on $5,000 Balance Info

C APITAL ONE 360 Where is it? It is from a traditional bank with online access APY 0.75% Minimum Balance to Open = Deposit $5,000 or more from an external account within the first 10 days of opening and maintain that balance daily for 90 days to qualify for a $50 bonus. Fees= no fees Transactions Limit: N/A Why is it good? a better everyday savings interest rate, better access to your money and no fees

B ANK OF INTERNET USA Where is it? It is from a traditional bank with online access APY 0.20% Minimum Balance to Open= $100 Fees= no monthly maintenance fee Transactions limit: N/A Why is it good? Competitive tiered variable rate account. Account balances greater than $24, will earn the variable ongoing APY for our highest tier on the full account balance1