2 ms·
Of course, I'm not arguing its difficult or there are any barriers, I know its easy. However, I literally can't convince a single person beyond my sister to ope
by astura 8y ago
Of course, I'm not arguing its difficult or there are any barriers, I know its easy. However, I literally can't convince a single person beyond my sister to open up a high interest savings account. People just don't want to be bothered.
Me? I currently have fifteen (15) bank accounts. Chasing those sign up bonuses.
- dragonwriter 8y ago> However, I literally can't convince a single person beyond my sister to open up a high interest savings account. People just don't want to be bothered. High-interest savings account are crappy as investments, and I'd you have to go to a different institution (or use a CD, or both) lack the frictionless (and instant) connection to primary checking that is generally the reason to use a savings account vs. a decent investment vehicle.
- Consultant32452 8y agoI can't recommend online banking enough. Fidelity and Schwab both have excellent offerings. At least through Fidelity I can buy high interest CDs for multiple banks without having to deal with the hassle you're referring to. Free checking with refunds for any ATM fees anywhere. Easily move money from checking to investment accounts and back. Open new account online within minutes. I have a car account where I set aside money for my next car, an emergency fund, a college savings fund (529), an IRA, and others. Ten accounts in all, all under one convenient interface. They even slurp in the data from my workplace 401k at a different bank so I can track that in the same place.