Bank charges for savings?
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maddy
Apprentice
Joined: 29 Jul 2006
Posts: 7
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 Posted: 11/07/07 - 10:03 Post subject: |
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| I have been saving money for a long time. I never had a need to spend it. Recently I had some unexpected problems, so I need the money. When I looked through my accounts I have notice that regular reduction that bank charged me. I was very surprised but when I talked to the bank, they explained that it is a common thing. Can someone explain this to me? |
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fran
Apprentice
Joined: 05 Apr 2006
Posts: 8
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| Posted: 12/07/07 - 00:01 Post subject: |
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| To my knowledge, it is not usual for bank to charge for savings. Banks profit from saving when she creates difference between the interest that is getting from investing and interest that is paying you. So additional expenses is improper. That all depends on interests and expenses. You should search for a bank that would provide you with better service. |
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