smartypig is only paying out 0.7%?
guess Ford is still the best savings-type account around?
was thinking of switching, but there doesn't seem to be a better alternative
My short term savings account is CYS. It's "interest rate" is 15%.
I currently have my chase checking for cash access & bill pay (keep as little as possible in there), and the FIA (Ford Interest Advantage) as the "backup" acct for that- Direct Deposit goes here, funds the chase acct as needed, and still gives limited access for bigger expenses (transfers and checks are free, so I use it for big bills, things like that- I guess it could be considered an emergency fund) - it at least it gives me SOMETHING (1.00% better than 0%).
I was thinking of combining those two for simplicity.
If I switched to Ally, I believe I get ATM (and check) access but I lose out on a little interest and the free outgoing transfers... Just wondering if there's a better way to handle that situation / what others are using
Oh. I just have a checking account with my brokerage account and shuffle money back and forth between them.
I don't bother with that intermediate set (the Ford savings account). If I have any big purchases I'll just leave some of my salary behind in checking rather than putting it into investment accounts that pay period.
I guess I don't really have an "emergency fund" by definition this way. But I don't really care. It's not worth losing cash on the lack of interest/return. If something major happened I'd just sell an investment.
That might be a good by now, the target price it is like 66 bucks. Tomorrow would be the day to look at that stock.
Our greatest glory is not in never falling, but in getting up every time we do. - Confucius
The CFO f'ed up major on that one.