2 out of 5 marks
Last week, the minimum amount to open a MM account was $250. This week, it's $1,000. Even though I got the invitation when the minimum was $250, They still insisted that I put $1,000 in if I wanted to open an account.
You'd think a bank (even if they just opened) would get their story straight if they wanted to get more customers, or at least accommodate those who were told one thing one week, then were told a total different story the week following.
No worries, AbleBank, there are many other banks around who know what they're doing and would love to help me manage my measly $800.
Additional reviews for Able Banking
1 out of 5 marks
This bank which pretends to be a community bank in Maine is run by a bunch of thieves based in Boston. Dont be fooled by their faux charitible story line
4 out of 5 marks
Shopped around for weeks. Came down to TIAAdirect, Bank of Internet, AmericanExpress, and Able Bank. Ended up going with Able Bank and am quite happy so far.
* Best rates (excl TIAA which isn't accepting applications)
* Socially responsible banking / Good principles
* Non-political banking. I'm tired of my money going to banks that pick candidates and lobby. I want them focused on my money and my community.
3 out of 5 marks
I'm an avid supporter of internet banks. I came across them while browsing bankrate.com. Their rates were much better than other rates out there. The process was simple. This is all relatively standard for other internet banks. What really interested me was the charity part of their offering. All in all I'm looking forward to savings with them.