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Checking Study -- Fall 2001

Bankrate's semiannual Checking Account Pricing Study looked at what the 10 largest institutions in each of the 35 largest U.S. markets offer in consumer checking accounts.
Researchers from Bankrate.com gathered comprehensive rate, fee and policy information from 350 institutions and 1,276 separate accounts. Here's what we found.

The Stories
MAIN: Checking fees march skyward
Bankrate's semiannual study reveals how the privilege of accessing your money with a check keeps getting more costly.
 
PLUS: ATMs rise in price
We look at average ATM fees and add them up: Americans plunk down more than $2.2 billion a year for the privilege of using ATMs.
 
AND: Where's the virtue in virtual?
Virtual banks used to be the low-cost banking alternative, but they're rapidly raising their fees.
 
AND: Study highlights
A summary of key findings from Bankrate's exclusive Checking Account Study.
 
  The Charts
  Find the best checking account for you
 

Since we all use our checking accounts differently, we've broken down our checking study data into three consumer profiles:

Transactors: Maintain a $1,500 balance, make 25 transactions a month and pay one NSF fee a year.

Savers: Maintain a $1,500 balance, make 12 transactions a month and pay no NSF fees.

Typicals: Maintain a $1,500 balance and make 12 transactions a month and pay one NSF fee a year.

 

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See Also
MAIN: Checking fees march skyward
ATMs rise in price
Where's the virtue in virtual?
Study highlights
CHARTS: Find the best checking account for you

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Checking and Savings
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
Interest checking 0.58%
MMA 1.04%
$10K MMA 1.12%



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Checking Basics
Manage your account in a fee-friendly way.
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