Originally Posted by
lin821
In terms of savings accounts, if you don't want to be charged with monthly fee, you have to maintain a higher level of daily balance (compared to checkings) anyway. Plus I would say hardly anyone uses savings accounts for frequent ATM withdrawals. One can only do 3-6 withdrawals (via checks, ATM..etc) max per months (I am not even sure if you get ATM/debit cards for savings/ money market accounts). The Money Market accounts you refer to require either $2500 or $5000 min balance; for regular savings, $300 (in TX).
Cap1 HYMM comes with an ATM card, no minimum balance, no limit on the number of ATM withdrawals but a daily withdrawal limit of $500.
http://www.capitalone.com/directbank...C1_01_T_SP25HW
Withdrawals by online transfer and check are limited to a combined six per calendar month, three of which may be by check. ATM withdrawals are limited to $500 per day, with no monthly limit on how many times you use the card.