Here’s What You Should Know About AMB Charge And Consolidated Charge​

Do you know about the charges in your Savings Account?

While there are many, let’s discuss two of the main ones – AMB charge and consolidated charge.

AMB Charge

AMB stands for Average Monthly Balance. This is the minimum average balance your account should have every month.

If the monthly balance falls below this specified limit, a charge is levied. This is called the AMB charge. It varies across different types of Savings Account.

Consolidated Charge

This charge represents all the aggregate charges associated with the Savings Account. It is a single term which encompasses all charges.

These charges are deducted from your Savings Account balance. It affects your savings and are better avoided. So, choose an account with low or no charges.

Metra Trust Savings Account offers zero fees on commonly used services. This helps you avoid the charges and grow your savings.

Plus, you can earn up to 7.25% p.a. interest on your account balance with monthly credits and higher transaction limits.