I called the Bank to close the account, because the negative cash flow of $14.62 a month could be better spent in oh, so many ways. The poor schelp on the phone named James was very nice, and should be commended for following company policy for politely asking why I was closing the account. I told him I thought it was silly to spend $15 an month in order to earn thirty-eight cents. He said thank you politely. Just being able to say such things, does have a cathartic effect. I was feeling pretty smart.
Then, again, undoubtably according to company policy, he told me that the Bank did offer another savings account with a lower minimum balance requirement. C'mon!! Now, I was really insulted. I told him, don't you think it is silly to put less money in the bank and make even less than thirty-eight cents a month on it? Then he got sort of huffy, he was only suggesting some options. I hurt his feelings by suggesting that his offer was silly. I don't know how he could really believe that his options made any financial sense at all.
The option I want from the Bank is to put my money some place safer than in my dust-mite-laden mattress. If I never moved a cent out of my savings account, it would be all gone in less than thirty years. Considering I hope to live a bit more than that, a savings account is no way to prepare for retirement.
My parents and grandparents believed that putting money in the Bank was the only sensible way to live, so long as you didn't put more than $100,000 in any Bank. Times have changed. There doesn't seem to be a good reason for putting money in the Bank unless you have more than $100,000. Bank services are free then.
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