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    March 22, 2019
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HOW TO CHOOSE A BANK Thinking of Changing Banks? Finding the Right Bank How your money is handled can make a surprising difference in your quality of life. So it's important to vet any institution you're thinking about trusting with your hard earned pay check the El Dorado Advantage Not all banks are created equal. Some offer better returns on investments and others are more forgiving to costumers with troublesome financial pasts. Choosing a bank justFREE VISA because of its location could mean you are missing out on some important benefits. Debit Card Sure, convenience is important. But it shouldn't be your only criteria. Here are a few things to consider Interest Rates FREE Senior Checking with Interest FREE Direct Payroll Deposit Checking Banks want to be competitive. And one way they entice new customers is by offeringFREE Internet Banking with Check Images handsome interest rates. It's not uncommon for the savings account interest rates to vary widely, but the majority of institutions make adjustments according to changes in theFREE Online Bill Payment federal funds rate. If you think interest rates are inconsequential, you're wrong. When substantial depositFREE Mobile Banking amounts are involved, the difference a few percentage points on an interest rate makes can be significant. Use online resources and shop around for the best rates in your area. FREE Mobile Express Deposit Fees Banks are also notorious for charging fees for certain transactions, A checking FREE Telephone Banking account may only allow a certain number of checks to be written each month before a fee is assessed, or maybe a minimum balance is required to keep the account active VALUE Checking Some banks offer free checking. But you should make sure that the free checking is free. There may be stipulations such as being required to keep a minimum balanceInterest Checking in the account at all times. Look at a fee schedule to determine if it is acceptable to you. Convenience Banks with multiple locations in convenient areas are important. If you travel frequently, make sure your local or regional financial institution is aGold Investors Money Market Checking Business Checking Money Market Savings member of a national network Also, ask about their online banking policies. Is their website easy to navigate andPurchase & Refinance Loans secure? Online banking can be a great way to pay bills and transfer money between accounts. V Fixed & Adjustable Home Equity Line of Credit Loans Overdraft Safeguards Personal Service at No Extra Charge We all make mistakes. Accidental overdrafts happen occasionally. Each financial institution has a different policy about these matters. 35 ATMs at EI Dorado Branches Many banks offer overdraft coverage in the form of a high-interest credit line. Other banks charge fees each time an overdraft occurs. Consistently Awarded the Highest 5 Star Rating by Bauer Financial Reports as One of the SAFEST and STRONGEST Banks in the U.S. Since 1993 Other banks provide no coverage. Be sure to research overdraft policies before making a final decision. Stability It is very important to consider a bank's stability. Before you hand money to an institution, check its history and financial condition. Banks usually invest deposited funds under a fractional reserve banking system. Any bank with a strong balance sheet should be able to weather any turbulence caused by market corrections. EL DORADO AVINGS BANK Most banks are also insured by the Federal Deposit Insurance Corporation for up to $250,000 per depositor. This can vary depending on the type and number of accounts held by a customer. If you understand these safeguards, your money will be safe in a bank. But failures are still possible. Still, a solid bank will limit exposure to toxic assets that put its balance sheet at risk Services You Need Most banks offer a variety of services. Whether you need to get a loan or open a Serving our local communities for over 61 years www.eldoradosavingsbank.com checking account, choose a bank that fulfills your needs with the fewest fees. It should offer the maximum conveniences possible. BISHOP 515 North Main Street 873-5885 LONE PINE-400 North Main Street, 876-5512 Se Habla Espanol 800-874-9779 Careful and vigilant shoppes will have positive experiences by making an effort to FDIC choose a trustworthy commercial bank.

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