Savings ProjectBy: Lexi Kahler

Chase BankO Chase Total Checking

O Minimum daily balance required- No minimum daily balance required

O Fees charged- $12 a month (waived if direct deposit totals $500 or more, a $1,500 minimum daily balance, or $5,000 linked in deposits)

O Interest earned- noneO Chase Savings

O Minimum balance required- $300 O Fees charged- $4 a month (waived if you have a

minimum daily balance of $300)O Interest earned- 0.01%

Wells FargoO Value Checking

O Minimum daily balance required- No minimum daily balance, but $50 is required to open an account.

O Fees charged- $7 (waived if you have a minimum daily balance of $1,500)

O Interest earned- noneO Way2Save Savings

O Minimum daily balance required- No minimum daily balance, but $25 is required to open an account

O Fees charged- $5 a month (waived if you have a minimum balance of $300)

O Interest earned- 0.01%

Bank of America O MyAccess Checking Account

O Minimum daily balance required- No minimum daily balance

O Fees charged- $12 per month (waived if at least $250 of direct deposit per month or an average daily balance of $1,500 or more)

O Interest earned- none O Regular Savings

O Minimum daily balance required- No minimum daily balance, but $25 to open an account

O Fees charged- $5 per month (waived if you set up an automatic transfer of $25 from a Bank of America checking account, or maintain a $300 minimum daily balance)

O Interest earned- 0.01%

RatingsO 1- Wells Fargo because they have the lowest

fees if you can’t maintain minimum amounts to waive the fees.

O 2- Chase Bank because their fees are the second lowest if you can’t maintain minimum amounts to waive the fees.

O 3- Bank of America because they have the highest fees if you can’t maintain the minimum amounts to waive the fees.