The Percentages

Your online Reputation

For the last decade, or more, I’ve used one bank. Over all, I guess, I’m pleased. I’m not, as a user, dissatisfied. A recent event, though offered a thought process and investigation.

I have a “free” checking account. You paid me with check or cash? I probably deposited it in that account. Their terms require a certain minimum balance, and I haven’t quite figured it all out. I’m sure it is all spelled out in some place, but I couldn’t be bothered to locate the data.

They have, especially now, been good to me. Except, I can’t figure out when I get charged a service charge, and when I don’t get charged a service charge. The balance required to keep from being charged a service charge, could that money be earning more, in another location?

The sliding, mystery fee. (?)

If the minimum balance in the “free” checking account is more than $800, to get the “free” status, that means the $5 fee is less than one percent. If the $800 was invested in a savings account, wait, last time I checked, those only pay 0.009, a little less than 1 percent, then the fee works out to be about what the current savings is.

I made note of this a while back, as something I wanted to check.

As you were.(1)

(1) “As you were, soldier.” Or, “Go back about your business,” or, my fave, now, “nothing to see, man.”

Ya’ll just move along now, you hear?