Friday, May 12, 2006

Savings Fees

Have you ever heard of a bank that charges you for a savings account? Banks take your money. They use it to create loans for other people. They give you a miniscule interest rate for the privilege of doing this. Yesterday I got a statement from my bank saying that they were going to charge me $4 per month for my savings account. I made a whopping 37 cents last quarter (3 months) from my savings account and now they are going to charge me $4 to keep my money there. That's an $11.63 deficit. I have one little piece of advice; steer clear of AMSouth BANK!

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