What is "daily ledger" and "Monthly Maintenance Fee" and the "monthly collected balance"?
2007-10-02 11:10:17 · 6 answers · asked by Lezlee C 2 in Business & Finance ➔ Personal Finance
open an IRA.
in the last 6 months i've made $780 on a $4000 IRA. it's totally worth it! just put money in the bank and watch it grow!
i suggest vanguard.com
2007-10-02 11:18:32 · answer #1 · answered by ricecat 3 · 0⤊ 1⤋
Monthly maintenance is a fancy name for a fee they will charge your account each month. Collected balance is probably the amount of money that they actually have "collected" . If you deposit a $500 check from your aunt on 10/1 at 3pm it will show up on your bank statement but the bank has to wait for your aunt's bank to give them the money. Until they do that money is uncollected.
Most banks are rip offs - try the on line bank ING or other on line banks - they often have more customer friendly policies and usually pay a higher interest.
2007-10-06 16:36:52 · answer #2 · answered by J 4 · 0⤊ 0⤋
OK,i like to hear from young people .interested in
saving money.
daily ledger is the amount transation on that day.
Monthy maint. fee is what the bank charges you to
keep your account updated and clean.so you get your monthly balance , monthly.
If you just put in a little ever month,it will grow and grow till hav e enough to buy your mom somthing
nice for a special time.
2007-10-02 18:34:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Since your question is about SAVINGS, I think that you should shop for a bank that pays a good interest rate and has no fees.
P.S. I checked the Bank of America web page. They have a basic savings account, minimum balance of $300 to avoid monthly fees, paying 0.2 percent. That seems low, so shop around....
2007-10-02 18:24:02 · answer #4 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
find a local branch that has FREE CHECKING
meanin free ATM debit card use, no monthly fees,
(sometimes you might have to keep a minimum in the
account)
2007-10-02 18:22:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
fees that you should not have to pay to let someone keep your money for you.... go pick another bank this one is going to charge you for everthing but the air you are breathing (they will prob. RENT that!)
2007-10-02 18:19:38 · answer #6 · answered by ca_surveyor 7 · 0⤊ 0⤋