Wednesday, October 25, 2017

Digest for misc.consumers.frugal-living@googlegroups.com - 1 update in 1 topic

ItsJoan NotJoann <itsjoannotjoann@webtv.net>: Oct 24 07:37PM -0700

On Tuesday, October 24, 2017 at 6:49:14 PM UTC-5, John Weiss wrote:
> than you get in interest. The good news is that $100K may be enough for
> them to waive monthly fees; the bad news is that you may have to keep a
> chunk of that money in low- or no-interest accounts.
 
I pay no fees or a monthly charge on checking and savings account;
never have. I only keep a few thousand dollars in the savings
account and that's to cover any appliance or vehicle emergencies.
Years ago I signed up to have my paycheck deposited in my checking
account and that qualified me for free checking. I only write 4-5
checks per year and when I need new ones (the plain blue or green)
I order them online from one of the check printing places for a LOT
less than the bank charges.
> your $$ will be in very-short-term CDs or holding accounts with lower
> interest. Of course, YMMV depending on type of bank (brick, online,
> credit union...) and current special offers.
 
I don't even fool with CD's any more as the bank keeps the lion
share of interest. That money is with an investment company.
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