Relationship banking tiers.
In plain English
Relationship banking tiers reward keeping more of your money at one bank. As your combined balances across checking, savings, and investment accounts cross set thresholds, the bank bumps you into higher tiers that waive monthly fees, boost savings rates, cut loan rates, or add perks. It is the bank's way of encouraging you to consolidate. The tradeoff is that chasing a tier can mean parking cash at a low rate, or keeping money at one institution when a competitor offers more, so the perks are worth it only if they beat what you give up elsewhere.
01Why it matters
Tier perks can save real money in waived fees and better rates, but only if they outweigh the return you give up by concentrating your money at one bank.
02The math, step by step
Crossing a 25,000 dollar combined balance moves you to a tier that waives a 25 dollar monthly fee and lifts your savings rate. That is worthwhile only if the same cash would not earn more sitting elsewhere.
03What this is NOT
Relationship tiers are NOT automatically a win. The perks can be outweighed by the higher rate or lower fees you might get by spreading money to competing banks, so compare before consolidating.
04Receipts
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