← 14 Questions to Ask Before Opening a Checking or Savings Account

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By Anslem Samuel | Published April 4, 2011 | Full size is 420 × 480 pixels

3. Is this a place I’d like to conduct all my banking? Chances are, no. But understand there are customer advantages and disadvantages to opening up combo bank accounts (checking and savings). But is this right for the financial goals you’re trying to achieve? Having all your eggs in one basket might work for some, but based on your financial needs and your institution’s interest rates, it may work to spread your money around. For instance, you may get more mileage out of your money by having your checking account at a different bank than the one that handles your savings, based on their respective rates and fees.

3. Is this a place I’d like to conduct all my banking? Chances…

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