Alexa Yonan 1 st hour

Bank of America  Access/Basic Checking Minimum Balance: $300 or more Fees ○ No monthly maintenance fee if you meet a following requirement: Have at least one qualifying direct deposit of $250 or more Maintain an average daily balance of $1,500 or more ○ Otherwise, it is a $12 monthly maintenance fee Interest Earned: non-interest bearing

Bank of America  Statement Savings Account Minimum Balance: $25 Fees ○ $5 monthly fee ○ there is no monthly fee, if you meet one of the following requirements: Make combined monthly automatic transfers of $25 or more from you Bank of America checking account Maintain a $300 minimum daily balance Interest Earned: 0.01% rate

Comerica Bank  Access/Basic Checking Minimum Balance: $ Fees ○ Other fees may apply ○ Monthly Maintenance Fee: $13.00 ○ Quarterly Activity Fee: $10.00 ○ Minimum Opening Deposit: $50 Interest Earned: non-interest bearing

Comerica Bank  Statement Savings Account Minimum Balance: $ Fees ○ Monthly Maintenance Fee: $5.50 ○ Minimum Opening Deposit: $50 ○ Withdrawal Fee: $5.00 per withdrawal (after 6 free per month) Interest Earned: 0.01% rate

Flagstar Bank  Access/Basic Checking Minimum Balance: $50 Fees ○ No monthly service fee for customers over 50 ○ No monthly service fee at all Interest Earned: non-interest bearing

Flagstar Bank  Statement Savings Account Minimum Balance ○ no minimum opening balance ○ $1.00 minimum to open online Fees ○ $3 monthly service fee if opened with a checking account ○ Service charge of $3.00 every month if the account falls below $300 Interest Earned: 0.10% rate

Rating of Banks  1 st -Flagstar Bank Opening an account does not include a high cost Low fees Highest interest rate of the banks  2 nd -Bank of America Lower minimum balance than Comerica but higher than Flagstar Meet certain requirements=low fees Low interest rate  3 rd -Comerica Bank Pricey minimum balance High fees Low interest rate