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I use Ally Bank for my checkings account. It's daily compounding, no maintanence fees, free checks, and fee reinbursement at all ATMs.
Ally doesn't have any physical locations, but I don't ever walk into a bank anyways so that doesn't matter for me.
I have my emergency savings in a local credit union but it is only paying 0.25%. I have another savings account with USAA that i will be moving a good chunk of into my account here because I don't see the point in saving at 0.1%. I should at least be able to do that well with some stable dividend payers. I also don't have any foreseeable use or need of the money before anyone chimes in concerning the difference in risks between saving and investing/trading.
Local Credit Union
HSBC savings rate down to .5%, where are you keeping your change these days?
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Yes, I know .5% APY isn't horrible compared to other retail banks, but that just seems ridiculous. I was expecting that the interest rates would tick back up by now. What are you all doing with your safe money? PM me if you don't want to post in the forum. Thanks!
I use Ally Bank for my checkings account. It's daily compounding, no maintanence fees, free checks, and fee reinbursement at all ATMs.
Ally doesn't have any physical locations, but I don't ever walk into a bank anyways so that doesn't matter for me.
I have my emergency savings in a local credit union but it is only paying 0.25%. I have another savings account with USAA that i will be moving a good chunk of into my account here because I don't see the point in saving at 0.1%. I should at least be able to do that well with some stable dividend payers. I also don't have any foreseeable use or need of the money before anyone chimes in concerning the difference in risks between saving and investing/trading.
Thanks, that's what I'm considering. I imagine I have to be able to beat that rate+tax in the market. Have any of you done any P2P lending ever?
Local Credit Union
GIUL with WRL (avg 8; anywhere between 1 and 13.25);
local credit union (.25),
ING checking(.2) and saving(.8);
dividend stocks (12ish yrly)
local credit union (.25),
ING checking(.2) and saving(.8);
dividend stocks (12ish yrly)
Wow, I have heard such bad things about universal life policies. You've been happy with yours?
PM'ed you Sunny. Same position as you: I still use HSBC for "savings" acct... I remembered when I found them a few years back it was at like 3%+ when my regional was at ~1%...HSBC still a bit higher than most banks - though not all.
Thanks MoreDiv! I remember when ING was paying 5%. smh.
If it pays more than the miniscule amount, it is a
savings bank in name only. Remember Sanford, if you are old enough Keaning from
Arizona. To get more than the pittance, you must be adding risk. So knowing the
risks that you are taking, is essential for an sense of safety. For me a
diversified portfolio of solid dividend paying stocks, only slightly sprinkled
with high dividend payers (more than 4-5%), exposes me to ‘normal’ market risk,
which I am willing and able to ride out for a moderate amount of time.
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