Choosing the Right Bank Accounts: Key Considerations

What discouraged Sarah from opening an account at the first bank she visited?

• High interest rates

• Monthly fees for balances under $1,000

• Poor customer service

• Lack of online banking

What was one of Sarah's key requirements for a new bank?

• High interest rates

• No minimum balance requirement

• Credit card offers

• Extended banking hours

Which feature did the credit union offer that appealed to Sarah?

• Many ATMs

• Exclusive banking services

• No fees and no minimum balance

• High interest rates

Why did Sarah find the bank's offer less appealing?

• It offered fewer services

• It did not pay interest on checking accounts

• It required a high minimum balance

• It had fewer ATMs

What was a major concern for Sarah about the bank?

• Fees for low balances

• The location was inconvenient

• No ATM access

• Lack of online banking features

What advantage did the credit union have over the bank?

• More ATMs

• Lower fees

• Better customer service

• Interest on both accounts

Why did Sarah ultimately choose the credit union?

• It offered a free checking account

• No fees and interest on both accounts

• It was recommended by a friend

• It had many branches