For people with past issues affecting their current ability to open a checking account, second …
Bank Account with no MinimumBankaccount without minimum
With private banks, you can manage a zero balance if you have a salary account.
Savings account free of charge - No minimum balance
You wrote about how useful it can be to have "savings accounts" or separated saving account that are intended for various purposes such as holidays, real estate taxes and so on. I' ve tried to do this myself, but every bank I find calculates so much fee that it would take more cash than I would be saving.
They can do this, or they can link the saving account to a "free" current account with a high minimum credit limit. Could you please share information about free saving deposits without a minimum credit on them? Can' t use online banking because I can't pay in money if I have $5 or $10 in my bag that I would take to the bank.
You can link your current account with a brickworks and mortgage bank to your online bank. Bring your funds to the bank and then deposit them into one of your bank deposits at the bank. In contrast to incumbent banking, online banking such as ING Direct, Ally and FNBO have no minimum amounts or minimum charges.
Allows you to create multiple saving deposits without additional charges. Of course, you still need an inexpensive current account.
Which bank should I open an account with, a PSU bank or a retail bank, taking into account minimum credit balances, interest rate levels, supplementary amenities, etc.?
So if you only want to open this account to transfer a certain amount of your monthly income from your payroll account to your new account, I would suggest that you choose a compound interest one. Using this you will conserve every months cash and it will keep the accumulation of interest rates on a steady base.
When we look at the latest interest levels for saving accounts provided by aggregate sites, Kotak Bank and Yes Bank are at the top of the lists. Both offer an interest of 6%. The other big banking institutions offer an interest of 4%.