Charges on my Rapid Save account


I’ve just noticed something called ‘Charges’ has taken $15 out of my Rapid Save account. What is this for? Is it account fees? I thought you didn’t get charged fees on accounts set up in You Money?


There are no account fees for Rapid Save, but you do get charged if you make more than one withdrawal during the interest month. If you’ve been charged $15, you’ve likely made 4 withdrawals, and been charged for the last 3. Making 2+ withdrawals monthly also means you miss out on the bonus interest that month


Oh you’re right, I just checked my transactions and that adds up. Missed out on that bonus too. Will have to be more strict on the withdrawals this month! Thanks @samachik