what is the perfect bank?
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issiah
Apprentice
Joined: 29 Mar 2006
Posts: 4
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 Posted: 10/19/07 - 08:19 Post subject: |
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| I expect to find a job and start receiving payment very soon. As my employer pays only through an account, I need to open one in a bank. Unfortunately, I never had any contacts with a bank, and I would like to do business with a really good one. Can anyone help me with some advise about what should I look for in a bank in order to find a perfect one for me. |
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carl
Apprentice
Joined: 30 Mar 2005
Posts: 3
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| Posted: 11/15/07 - 00:36 Post subject: |
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| There are several things you should be looking for in a bank. First, you must know that there are those who are turned mainly to a small business, those that work with large companies, and those that provide services for individuals like you and I. Since you will probably be saving in the same bank you are getting money at, as well as getting various credits or loans, check for the interest rates. Simply put, when you save your many, it is important that interests are as high as possible, since they signify the percentage of the additional money you will receive for saving there (if an interest rate is 5, and you save 1000$ for a year, that means that by the end of the year you will be having 1020$). Conversely, if you are taking a loan, you should see that the interest is as low as possible, since that will be the additional amount of money you will have to return. The balance between the two, along with as little additional fees for various services (raising deposits, etc.), would constitute a perfect bank. |
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