Thursday, June 17, 2010

My bank has increased my annual IRA fee from $40 To $75. Are there banks that don't charge annu

Or credit unions with free checking as well. Any feedback



would be greatly appreciated.



My bank has increased my annual IRA fee from $40 To $75. Are there banks that don%26#039;t charge annual IRA fees?

Try a mutual fund company like Vanguard or Fidelity. They don%26#039;t charge annual fees, and you have lots of choices for what to invest in--stocks, mutual funds, money market, conservative, risky, whatever.



My bank has increased my annual IRA fee from $40 To $75. Are there banks that don%26#039;t charge annual IRA fees?

Shop around. I don%26#039;t know if you%26#039;ll find one that is free, but to go from $40 to $75 is a steep increase. What about a 401K from your employer? My employer gives us an annual match that varies year to year depending on how well they do and how good customer satisfaction is. There are both banks and credit unions that offer free checking. Certain rules apply such as age, minimum balance, how many checks you write in a month, having direct deposit. They all have their own rules. Some even pay interest if you keep a certain balance. Good Luck



My bank has increased my annual IRA fee from $40 To $75. Are there banks that don%26#039;t charge annual IRA fees?

If you have a savings account or checking account with the same bank, they usually waive the fees. It depends on how much you have.

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