|
The worst checking
deals
• Bankrate.com
The ranking is based on a $1,500 monthly balance
held in a checking account for one year, with average account activity
of 12 transactions per month and one bounced check per year. Simple
interest is credited to the account if it is interest bearing.
Institution/
City |
Account Name/
Type |
Yield
Min.
to Open |
Min.
to Avoid Fees |
Monthly
Service Fee |
NSF |
Annual
cost |
First Citizens
Bank
Atlanta |
Elite Gold
Interest |
2.15% |
$200 |
$25,000 |
$30 |
$28 |
$-355.75 |
Citibank FSB
San Francisco |
Regular
No Interest |
N/A |
$500 |
$10,000 |
$25 |
$30 |
$-330 |
Citibank FSB
Miami |
Regular
No Interest |
N/A |
$500 |
$10,000 |
$25 |
$30 |
$-330 |
Citibank FSB
Miami |
Interest
Interest |
0.50% |
$500 |
$10,000 |
$25 |
$30 |
$-322.50 |
Citibank FSB
San Francisco |
Interest
Interest |
0.75% |
$500 |
$10,000 |
$25 |
$30 |
$-318.75 |
Chase Bank of Texas
Houston |
Select
Interest |
0.50% |
$100 |
$2,500 |
$25 |
$25 |
$-317.50 |
Chase Bank of Texas
Dallas |
Select
Interest |
0.50% |
100 |
$2,500 |
$25 |
$25 |
$-317.50 |
Chase Bank of Texas
San Antonio |
Select
Interest |
0.50% |
100 |
$2,500 |
$25 |
$25 |
$-317.50 |
First Union Philadelphia |
Performance
Interest |
0.90% |
50 |
$10,000 |
$25 |
$30 |
$-316.50 |
Union Federal Savings
Indianapolis |
Liquid Reserve
Plus
Interest |
1.26% |
$5,000 |
$5,000 |
$25 |
$27 |
$-308.10 |
The Northern Trust Co.
Chicago |
Anchor
Interest |
1.26% |
$ 1 |
$10,000 |
$25 |
$20 |
$-301.10 |
Bank of America
Los Angeles |
Prima
Interest |
0.40% |
$ 100 |
$10,000 |
$22 |
$10 |
$-268 |
Bank of America
San Francisco |
Prima
Interest |
0.40% |
$ 100 |
$10,000 |
$22 |
$10 |
$ -268 |
Bank of America
San Diego |
Prima
Interest |
0.40% |
$ 100 |
$10,000 |
$22 |
$10 |
$ -268 |
Bank of America Sacramento |
Prima
Interest |
0.40% |
$ 100 |
$10,000 |
$22 |
$10 |
$ -268 |
SouthTrust
Bank Charlotte |
Dimension
Interest |
0.60% |
$5,000 |
$ 5,000 |
$21 |
$24 |
$-267 |
First Union Washington |
Performance
Interest |
0.50% |
$ 100 |
$10,000 |
$20 |
$29 |
$-261.50 |
First Union
Norfolk |
Performance
Interest |
0.50% |
$ 100 |
$10,000 |
$20 |
$29 |
$-261.50 |
First Union
Charlotte |
Performance
Interest |
0.50% |
$ 100 |
$10,000 |
$20 |
$29 |
$-261.50 |
Citibank FSB
Miami |
Basic
No Interest |
N/A |
$ 100 |
$10,000 |
$10 |
$30 |
$-258 |
-- From the Bankrate.com semiannual checking
account price study
-- Figures are current as of Feb. 23, 2000 |
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