Received a form letter in the mail stating my TWELVE year old son's "young Savers account" would be charged $5 a month service fee if he does not keep at least $250 in his account. An account, by the way, that earns on average 2 cents a month in interest. My husband and I have a mortgage (paid off early), a checking account and a savings account with TD Bank. What does this teach him about banks and savings? One, no need to save, you will just lose money. And two, banks will screw you in the end. Bye Bye TD... I'm taking my business to Citizens.
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