5 Major Signs To Switch Banks

Limited Incentives

If your bank doesn't offer a competitive interest rate on both checking and savings accounts, it's probably time to move to greener pastures. Some online banks offer up to 1.50 percent interest rates on their savings accounts, which is more than ten times what most national banks offer. Others also have competitive rewards programs that provide cash back on everyday spending. Many banks also offer credit cards with an incentives program if you pay off your balance from your checking or savings account held with them. If your current bank is offering limited incentives, what's the reason you're sticking around other than convenience?

Continue reading to learn about how bank fees may mean it's time to leave.