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Question
14 Jun 2011
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Banks!!
Hi
I''ve got a savings account from Standard Bank. In this account there''s only my Unit Trust going of the value of R50, yes, only R50. The bank-cost a month is R10. How can they call it a savings account when they deduct R10 a month for admin fees? I''ve got a cheque account, perhaps I should close this so called savings account?
Any advice would be apprecated
I''ve got a savings account from Standard Bank. In this account there''s only my Unit Trust going of the value of R50, yes, only R50. The bank-cost a month is R10. How can they call it a savings account when they deduct R10 a month for admin fees? I''ve got a cheque account, perhaps I should close this so called savings account?
Any advice would be apprecated
Money Expert
I cant see the reason for you having the savings account as well as the cheque account - as you say it does not make sense - why not just have the one account?
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