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Academy Bank: Is Academy The Right Bank For You?The
next
one, the interest bearing academy bank
account, requires that you keep at least
five hundred dollars in it all the time, and if not, you will have to
pay a
service fee of seven fifty, obviously not the end of the world. The
best thing
about it is, you get interest on it, compounded each month.
Therefore,
while it is a bit inconvenient to keep so much money in it, if you plan
on
using your bank account to hold a lot of money, this is probably your
best bet,
because at least you are making some additional money on it, albeit not
a lot compared
with other investments.
The
classic checking account doesn’t’ require any
amount of
money to be kept in it,
and therefore doesn’t have any service fees. It gives the
ability
to write free
cashier’s checks and money orders, which the others
don’t,
as well as free
exclusive checks. It
has
free photocopying ability, and like the interest account, as long as
you keep
at least five hundred dollars in it, you incur interest on your
balance, and
like the other one, how much is determined by what the interest rates
on the
open market are. Also, they are compounded each month. Finally, they have a student account, which is a very basic account, and like the free and classic accounts, doesn’t require you to keep a certain amount of money in there, as long as you stay on the positive side. Should you use the internet banking service, you don’t have to pay a dime, and in fact, if you don’t use it you will have to pay five dollars to maintain your account, and this is just to help them cover the expenses of keeping up their physical addresses. Like the other accounts, you get the benefit of around the clock customer service, and it pretty much offers everything you would expect from a basic account like this. Is the academy bank the best one for you? while I can’t speak for everyone, I can tell you they offer services that rival any bank, and I’d recommend you talk with someone you trust who has banked with them in the past, see what their experience was, and make your decision accordingly.
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