This account is sort of like Baby Bearâ€™s bed in the Goldilocks fairy tale. It has a higher monthly fee and minimum opening balance requirement than Banner Bankâ€™s Connected Savings account. But you only need to keep $1,000 in the account, rather than $5,000, to avoid the $10 monthly fee as compared to the Bannerâ€™s Best Savings account â€” presumably, it also offers medium-level interest rates as well. Contact the bank for up-to-date rate information. Itâ€™s sort of a middle-ground account.
You can make as many ATM and in-person withdrawals as you want with this account. However, other withdrawal types are allowed up to six per month, per federal Regulation D rules, and any withdrawals past that will cost you $5 each from the bank. This account also comes with the ability to write checks.
Even if Banner Bank isnâ€™t very transparent, at least they make opening an account easy. You can do it online or at a branch, as long as you have a valid ID and a Social Security number, and reside in the the applicable states (California, Idaho, Oregon and Washington state).