Re: transparency re: Boston Bellringers bank accounts

[Gregory Russell <gfr10598 gmail com>]

If the CD is at the same bank, it might be worthwhile asking them to waive
the minimum, since you made the CD decision based on the minimum balance
information at the time.
Out of curiosity, what is the minimum, and what is the fee if the balance
falls below the minimum?

On Fri, Apr 25, 2025 at 10:09 AM Laura Dickerson via Boston-change-ringers 
<
boston-change-ringers cosmos phy tufts edu> wrote:

>    People who are interested in our banking might remember that a year or
> so ago I moved most of our funds into a CD so we could get interest on 
> it.
> What I didn't calculate correctly is the amount that
> we need in the basic account (from which we pay bills) to avoid service
> fees.  The minimum required amount has recently gone up a lot. This
> happened right after I had renewed the CD.  To deal with this, I have
> loaned the guild $1000 of my own money so that we don't get hit by any 
> fees
> or a penalty for closing the CD early.  When the CD comes due in the 
> fall,
> I will pay myself back.  This is *not* tying the guild account to my
> personal account.
>
> Laura Dickerson
>
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