Kareen MillsFounder & CEO, Friendsgiving Live® · Most Influential Filipina ’23 🏆 Founder of the World’s Largest Friendsgiving Festival for Women | Angel | Keynote | Sugar Mommy™ Media | Psalm 25:1 ✞

Don’t Save Your Money or Emergency Funds With The 3 Worst Banks 🥹

3 Aug 2024 · 1 min

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This content was created by Kareen Mills. This content was uploaded by Kareen Mills. This is a YouTube video titled "Don’t Save Your Money or Emergency Funds With The 3 Worst Banks 🥹" (created 2024-08-03). It is a single-speaker personal finance commentary warning viewers not to park savings or emergency funds at certain large banks. The narrator (unnamed) criticizes banks like Wells Fargo and Chase for extremely low basic savings rates (e.g., 0.01%) and mentions tiered rates, fees (e.g., $12 charge if a $3,500 balance isn't maintained), and that rates were checked on 2024-08-02. Metadata includes the YouTube content type and a thumbnail URL.

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The three worst banks you can put or park your savings account or your emergency fund, and I used to work for number one, Hell's Fargo. It's important to note the date. I checked this on August second, twenty twenty four because rates changes all the time. Okay, this is their basic savings account. Point zero one percent. Not one percent. Point zero one percent. Okay, but wait, they have tiered savings accounts. So the next level is Platinum Savings. Woohoo! 0.05%. And by the way, if you don't maintain $3,500, they will charge you $12. And then the highest tier, if you link it to your Prime Checking, you will get 0.06%. You ain't seen nothing yet because Chase is coming in hot at 0.01%. Oh, and by the way, they have the audacity to ask you to refer a friend. And last