{"id":53172,"date":"2025-01-28T12:12:38","date_gmt":"2025-01-28T12:12:38","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/5-hidden-fees-youre-paying-at-your-bank-and-how-to-avoid-them\/"},"modified":"2025-01-28T12:12:38","modified_gmt":"2025-01-28T12:12:38","slug":"5-hidden-fees-youre-paying-at-your-bank-and-how-to-avoid-them","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=53172","title":{"rendered":"5 Hidden Fees You’re Paying at Your Bank (and How to Avoid Them)"},"content":{"rendered":"


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When it comes to managing your money, your bank can be both a helpful ally and a sneaky source of unnecessary fees. Many bank customers don’t realize they’re paying extra charges every month for things they don’t need, or worse, things they didn’t even know existed.<\/p>\n

The good news is that with a little awareness and some proactive steps, you can avoid them and save yourself some cash.<\/p>\n

\n<\/section>\n

Here are five hidden fees<\/b> you might be paying at your bank — and how to avoid them.<\/p>\n

\n<\/section>\n

1. Monthly maintenance fees<\/h2>\n

Some banks charge a monthly maintenance fee just for having an account. These fees typically range from $5 to $30 per month, which can add up to hundreds of dollars per year.<\/p>\n

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Our Picks for the Best High-Yield Savings Accounts of 2025<\/h2>\n
\n\n\n\n\n\n
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\n\"Logo\n<\/div>\n

American Express\u00ae High Yield Savings<\/p>\n

Member FDIC.<\/p>\n<\/div>\n

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APY<\/p>\n

\n

\n 3.80%\n <\/p>\n


\n<\/p>\n

Rate info<\/p>\n

\n\nCircle with letter I in it.<\/desc>\n\n\n\n\n\n\n\n<\/g>\n<\/g>\n<\/g>\n<\/g>\n<\/svg>
\n<\/span>
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\n 3.80% annual percentage yield as of January 28, 2025. Terms apply.
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\n<\/span>
\n<\/span>\n<\/div>\n<\/div>\n<\/div>\n

<\/p>\n

Member FDIC.<\/p>\n

<\/span>\n<\/div>\n<\/td>\n

\n
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3.80%<\/p>\n


\n<\/p>\n

Rate info<\/p>\n

\n\nCircle with letter I in it.<\/desc>\n\n\n\n\n\n\n\n<\/g>\n<\/g>\n<\/g>\n<\/g>\n<\/svg>
\n<\/span>
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\n 3.80% annual percentage yield as of January 28, 2025. Terms apply.
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\n<\/span>
\n<\/span>\n<\/div>\n<\/td>\n

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$0<\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
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\n
\n\"Logo\n<\/div>\n

Capital One 360 Performance Savings<\/p>\n

Member FDIC.<\/p>\n<\/div>\n

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APY<\/p>\n

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\n 3.80%\n <\/p>\n


\n<\/p>\n

Rate info<\/p>\n

\n\nCircle with letter I in it.<\/desc>\n\n\n\n\n\n\n\n<\/g>\n<\/g>\n<\/g>\n<\/g>\n<\/svg>
\n<\/span>
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\n See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY)\u00a0is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.
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\n<\/span>
\n<\/span>\n<\/div>\n<\/div>\n<\/div>\n

<\/p>\n

Member FDIC.<\/p>\n

<\/span>\n<\/div>\n<\/td>\n

\n
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3.80%<\/p>\n


\n<\/p>\n

Rate info<\/p>\n

\n\nCircle with letter I in it.<\/desc>\n\n\n\n\n\n\n\n<\/g>\n<\/g>\n<\/g>\n<\/g>\n<\/svg>
\n<\/span>
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\n See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY)\u00a0is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.
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\n<\/span>
\n<\/span>\n<\/div>\n<\/td>\n

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$0<\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
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\n\"Logo\n<\/div>\n

Western Alliance Bank High-Yield Savings Premier<\/p>\n

Member FDIC.<\/p>\n<\/div>\n

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APY<\/p>\n

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\n 4.30%\n <\/p>\n


\n<\/p>\n

Rate info<\/p>\n

\n\nCircle with letter I in it.<\/desc>\n\n\n\n\n\n\n\n<\/g>\n<\/g>\n<\/g>\n<\/g>\n<\/svg>
\n<\/span>
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\n The annual percentage yield (APY) is accurate as of Jan. 24, 2025, and subject to change at the Bank’s discretion. Refer to product\u2019s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
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\n<\/span>
\n<\/span>\n<\/div>\n<\/div>\n
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Min. to earn<\/p>\n

$500 to open, $0.01 for max APY<\/p>\n<\/div>\n<\/div>\n

<\/p>\n

Member FDIC.<\/p>\n

<\/span>\n<\/div>\n<\/td>\n

\n
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4.30%<\/p>\n


\n<\/p>\n

Rate info<\/p>\n

\n\nCircle with letter I in it.<\/desc>\n\n\n\n\n\n\n\n<\/g>\n<\/g>\n<\/g>\n<\/g>\n<\/svg>
\n<\/span>
\n
\n The annual percentage yield (APY) is accurate as of Jan. 24, 2025, and subject to change at the Bank’s discretion. Refer to product\u2019s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
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\n<\/span>
\n<\/span>\n<\/div>\n<\/td>\n

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$500 to open, $0.01 for max APY<\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

How to avoid maintenance fees:<\/b><\/p>\n