I've been researching pending deposit accounts, and it seems like a lot of the information on the web is quite misleading. What are some key things to look for when evaluating an account - beyond just the interest rate?
My main be worried is the potential for inactivity fees - how does this affect the account's value over time? Are there strategies to minimize those charges?
I'm pondering about the minimum balance requirements and any restrictions on withdrawals. Does it matter if you have a small amount initially?
What are some common reasons why a pending deposit account may well be closed unexpectedly? Is this a sign of financial instability, or is it merely a run-of-the-mill process?
Taking into consideration the fluctuating interest rates, how does the value of a pending deposit account change over time - is it most likely to enhance or abate significantly?