Left unmentioned is that interest rates in 1977 were high (like 8 percent) so there were lots of ways for the bank to turn around and make money off customer de

Left unmentioned is that interest rates in 1977 were high (like 8 percent) so there were lots of ways for the bank to turn around and make money off customer deposits, without needing to charge the customer fees. Since that time, interest rates have steadily dropped and that business model no longer works very well