the Price of Online Banking

I opened an internet banking account for no charge at all. In fact, they gave me $25 for opening the bank account! I don't have to have a certain minimum balance or direct deposit or anything. The account is a savings account and earns 4.3% APY.

I get an e-statement once a quarter. I have a checking account linked to the internet savings account and I can transfer money back and forth on the internet.

I love this bank. I don't have to talk to people but can deal with everything on the internet, which I love, but I know it isn't for everyone. I prefer not having to talk to anyone.

I also like being able to transfer money back and forth between my accounts on the internet and, again, not have to talk to anyone or use any paper checks or forms! The interest rate is better than some savings accounts.

The best thing about this account is that there really were no hidden fees at all. They don't charge me for any transactions or going below a minimum balance - nothing.

Check to make sure there are no hidden fees in your banking service. Many banks will charge a fee if you go below a minimum balance, or if you make more transfers than they allow, etc.

Check the interest rate on savings accounts - that is important! Also check how easy it is to transfer money and to get help from customer service if you need it.