more bank roulette
June 9, 2007the financial setup i outlined in this past post is no more.
i got rid of my 5/3 money market acct this morning. i got my email statement yesterday and the account’s interest rate had dropped in half out of nowhere, putting it at a pathetic .27%. granted, i only had $2550 in there - a $50 buffer over the required $2500 minimum - but still.
so the account’s gone and the money’s transferred over to my checking account (which will stay with 5/3, due to the ton of ATMs they have here). and monday, i’ll transfer most of it over to my hsbc account - to cash in a good $9/mo MORE in interest due to their 5.05% rate.
it involved a bit of waiting at the bank office, but it’ll be WELL worth it. plus my MVP gym membership ends at the end of the month, so that’ll be even more $ i’m saving a month.
so i’m down to this:
- checking acct @ 5/3
- online savings acct @ hsbc direct
- brokerage acct @ td ameritrade
- 401(k) through work
and if i can come across a good CD rate, i’d consider moving some $ into one of those again.
it’s not really as complicated as it may look 
One Response to “more bank roulette”
Especially for financial smarties like us.
By Drew on Jun 11, 2007