banking

8 great ways to avoid growing bank fees

Understand your bank's strengths
Understand your bank's strengths

Banks might all seem the same, but different banks focus on different types of clients and set bank fees for their services accordingly, says Kingsbury. You may want to mix and match banks based on the rates and services they offer and fees they charge.

"If you want a free checking account or savings account, a local community bank is often a really good option," she says. "But if you want a business account, commercial account or an account where you can deal in different types of services, you'll want a larger commercial bank.

"You don't have to use one bank for all of its different services, and you can go to the bank that offers the services you need for the lowest price," Kingsbury says.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Do savings bonds ever lose value?

Dear Dr. Don, If you own a 35-year Series I savings bond and have held it for 10 years, is it possible for it to lose value if you need to cash it in before it matures? Can the price actually go down at times? Thanks, ... Read more

advertisement
Partner Center
advertisement

Connect with us