Additional information of My Goal Savings account
What we know about Cadence Bank's My Goal Savings account is that applying for it is not complicated. You only need to be of legal age, have permanent residency or citizenship and deposit $100.
Likewise, it offers an interest rate on monthly balances, with which you increase your capital, although it does not currently offer information on the APY percentage that applies.
This savings instrument includes a $5 maintenance fee, which you can avoid by having a monthly balance of $100. According to the law, for these accounts you have a maximum of 6 transactions (withdrawals or transfers) per month. If you exceed this limit, you will be charged a $5 fee for each additional transaction.
The highlight of this account is the free use of your mobile and online banking for fast and flexible management. Through your favorite devices, you can review your transaction history, daily balances, pay services or bills, set savings goals, organize budgets and much more with this banking institution's platform.
This product can be combined with a checking account according to your needs. If you apply for a debit card, you do not have to pay for using the Cadence ATM network. There is a fee for using other banks' ATMs (please inquire) and foreign ATMs carry a 2% fee per transaction plus a $2 cross-border fee.
If you are looking for a simple alternative to start saving and make your projects a reality, Cadence Bank's My Goal Savings account makes your job easier.
In addition, with Busconomico you can consult information and analysis of other banks' savings accounts, such as those offered by KeyBank or BMO Harris.
English: Cuenta My Goal Savings de Cadence Bank