minimum balance: none fees: › $12 monthly maintenance fee › maintenance fee is applicable...
TRANSCRIPT
![Page 1: Minimum balance: none Fees: › $12 monthly maintenance fee › Maintenance fee is applicable unless a direct deposit of $250+ is made each cycle or an](https://reader036.vdocuments.us/reader036/viewer/2022082709/56649d895503460f94a6f73d/html5/thumbnails/1.jpg)
That’s Life!Savings Assignment
![Page 2: Minimum balance: none Fees: › $12 monthly maintenance fee › Maintenance fee is applicable unless a direct deposit of $250+ is made each cycle or an](https://reader036.vdocuments.us/reader036/viewer/2022082709/56649d895503460f94a6f73d/html5/thumbnails/2.jpg)
Bank of America: checking account
Minimum balance: none Fees:
› $12 monthly maintenance fee› Maintenance fee is applicable unless a
direct deposit of $250+ is made each cycle or an average of $1500+ each cycle
› No quarterly fees› No minimum deposit
No interest
![Page 3: Minimum balance: none Fees: › $12 monthly maintenance fee › Maintenance fee is applicable unless a direct deposit of $250+ is made each cycle or an](https://reader036.vdocuments.us/reader036/viewer/2022082709/56649d895503460f94a6f73d/html5/thumbnails/3.jpg)
Bank of America: savings product
Minimum balance: $300 Fees:
› $25 minimum deposit › $5 monthly fee if not at a minimum
balance › 3 free withdrawals › After 3 free withdrawals, $3 per withdrawal
Interest: 0.01%
![Page 4: Minimum balance: none Fees: › $12 monthly maintenance fee › Maintenance fee is applicable unless a direct deposit of $250+ is made each cycle or an](https://reader036.vdocuments.us/reader036/viewer/2022082709/56649d895503460f94a6f73d/html5/thumbnails/4.jpg)
Comerica Bank: Checking Account
Minimum balance: $750 Fees:
› $10 monthly for online payment (if not at minimum balance of $750)
› $10 quarterly fee› $50 opening fee› Interest: none
![Page 5: Minimum balance: none Fees: › $12 monthly maintenance fee › Maintenance fee is applicable unless a direct deposit of $250+ is made each cycle or an](https://reader036.vdocuments.us/reader036/viewer/2022082709/56649d895503460f94a6f73d/html5/thumbnails/5.jpg)
Comerica Bank: savings product
Minimum balance: $400 Fees: Interest: 0.01%
› $5.50 monthly fee (if not at minimum balance of $400)
› $3.00 withdrawal fee after 6 withdrawals› $50 opening fee
![Page 6: Minimum balance: none Fees: › $12 monthly maintenance fee › Maintenance fee is applicable unless a direct deposit of $250+ is made each cycle or an](https://reader036.vdocuments.us/reader036/viewer/2022082709/56649d895503460f94a6f73d/html5/thumbnails/6.jpg)
TCF Bank: checking account
Minimum balance: none Interest: none Fees:
› No monthly maintenance fee› $25 opening deposit› No quarterly fee
![Page 7: Minimum balance: none Fees: › $12 monthly maintenance fee › Maintenance fee is applicable unless a direct deposit of $250+ is made each cycle or an](https://reader036.vdocuments.us/reader036/viewer/2022082709/56649d895503460f94a6f73d/html5/thumbnails/7.jpg)
TCF Bank: Savings Products:
Minimum balance: $100 Interest: 0.05% Fees:
› $4 monthly fee if not at minimum balance of $100
› $25 opening deposit
![Page 8: Minimum balance: none Fees: › $12 monthly maintenance fee › Maintenance fee is applicable unless a direct deposit of $250+ is made each cycle or an](https://reader036.vdocuments.us/reader036/viewer/2022082709/56649d895503460f94a6f73d/html5/thumbnails/8.jpg)
My Bank Ratings
#1 – TCF Bank› Lowest fees, highest interest rates
#2 – Bank of America › Lower fees than Comerica Bank› Higher fees than TCF› Lower interest rate than TCF
#3 – Comerica Bank› Highest fees› Same interest rate as Bank of America
(lower interest rate than TCF)
![Page 9: Minimum balance: none Fees: › $12 monthly maintenance fee › Maintenance fee is applicable unless a direct deposit of $250+ is made each cycle or an](https://reader036.vdocuments.us/reader036/viewer/2022082709/56649d895503460f94a6f73d/html5/thumbnails/9.jpg)
My Savings Plan
Right now, I keep my money in our safe at home. I put every paycheck I get into the safe and I have access to the safe so I’m able to take money as I need it.
In five years, I’ll be done with the 4 year accelerated nursing program that I am going into at UDM. At this point I will have a savings account. I will then be graduated as a nurse. That will either be the end of my schooling, or I will go further to be a nurse practitioner or a nurse anesthesiologist. I most likely will not have time for a job, therefore I will not be able to save much. I will be using my savings from previous years and cut back from excessive spending on thins I do not really need. When I graduate, I will (hopefully) have a full time job and will continue adding money to my savings account.
In 10 years I hope to be married. At this point I will still be saving money for retirement, emergencies, kids, necessities, etc. I will be paying off student loans.