[hotrodsally]

Originally Posted by Skogen

Actually, in the past. When rates were higher. Banks wanted deposits. It was cheaper for them to pay higher rates on savings accounts, cd's ect then pay the fed. In todays market, it is the exact opposit. Most banks have so much cheap fed funds, they do not want large deposit accounts. In fact many larger banks (BoA, Citi, WFC) charge customers a service fee with large deposits.

My advice. Find yourself a local community bank. They may not have all of the fancy products BoA has, but their service will be second to none. Also, the taxes community banks pay, stay in your community.

Also, April is Community Banking Month.

Absolutely. A Regional, State or Community bank will be thrilled to have their business.

I lived in LV for 3 days when I opened an account with a local state bank and have banked with them ever since. They offer all the consumer products I need!