Did you know the average American spends more than $50 a month on banking and credit card fees?
You probably don’t even realize it’s that much, but a bunch of small fees can add up quickly.
Slap on anywhere from $8-$12 in a monthly service fee many customers aren’t even aware of.
And don’t even get me started on credit card fees where some cards charge more than $200/year in annual fees!
Want to Save That $600? Here’s How
The crazy part is these fees are probably unnecessary. Several banks offer fee-free accounts with equal or better services. A free account or one that costs you money just to have it – it’s kind of a no-brainer, right?
Best Free Credit Card
We’re fans of the Fidelity card because there’s no annual fee and you can earn up to $100 just for opening an account.
We also love that with this card you’ll also receive unlimited 2% cash back for every purchase to deposit into an eligible Fidelity account — with no category restrictions.
Best Free Checking Account
Aspiration’s Summit Checking Account is an online-only bank account we could find with no fees, no minimum balance, and no minimum monthly deposit.
The Aspiration account is in a tiny minority – only 4% – of interest-bearing checking accounts that are free to use. Plus, they offer an interest rate that is around 100x the average checking account.
Best Free Savings Account
So, Penny Hoarders — we’re challenging you to make the switch. Get rid of the fees and start saving an extra $600/year.
Your Turn: Are you in? Tell us in the comments below…