Like Diane said, these terms seem pretty outrageous, but I guess if you’ve got money to burn and are willing to meet the minimum requirements this may be good.

B of A ties our mortgage balance we have with them, into our checking account, so we never have to pay a fee. Their minimum balance requirement to avoid service fees if you don’t have a mortgage with them is $1,000 and they pay a tiny % of interest on the checking.

We can bank on line; get our statements on line – monitor our credit cards that we have both with B of A and our credit union – it’s a breeze and still a far cry better than what I’m reading on this particular bank you mention………

My goodness, why would anyone go to a bank with these terms??!!!??

We use our credit union; our minimum balance is $500; we pay NO service fees if we keep it at $500 or above.

We receive 2.01% on ordinary savings; we earn 5.75% on our 2-year CD’s, and 1.03% on our CHECKING account.

And, as a last note, we opened the account with $200 – not a minimum of $1500……..

I think this is a bank to ignore completely!