With all of the changes happening in the banking industry, sometimes it is hard to keep up with how exactly they will affect you. One of the changes that is affecting many people is the disappearance of free checking accounts as banks begin to impose various fees on their customers. There are still options available so that not only do you not have to pay the bank to use your own money, you can actually have the bank pay you!
Online Banking
Online banks offer free checking and savings accounts and pay you much higher interest rates than the majority of traditional banks.Want more? Click here/tag They even pay interest on your checking account, many times without minimum balances or restrictions.
Credit Unions
Credit unions are community driven and also offer free checking and savings accounts with higher interest rates than traditional banks.
The biggest drawback to online banks and credit unions is that they have fewer physical bank locations than traditional banks. Online banks have no physical locations, but are often connected to ATM networks that are easy to access. Even so, the interest rates they offer make them a great option to help you earn money, not spend more on fees.