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Monthly
service fee for interest-paying accounts at new
high
The average monthly service fee jumped nearly
$1 per month, from $10.74 to a new high of $11.72
since the last survey. Of the 247 interest accounts
in the survey, 235 (95 percent) charge a monthly
service fee. And the list of banks increasing
versus decreasing the fee since the last survey
is as lopsided as a bad college football game
-- 47-to-5!
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| Average monthly service fee (interest) |
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Monthly service
fee for noninterest accounts hits new low
For noninterest accounts, the average monthly
service fee fell for the 15th time in the 17 editions
of the survey. The average monthly service fee
is now $2.26, down from $2.52 one year ago. Just
71 of the 226 noninterest accounts surveyed charge
a monthly fee.
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| Average monthly
service fee (noninterest) |
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