I noticed that FNBO Direct where we have most of our emergency fund cash has reduced their interest rate from the measly 0.85% to 0.75%. I think it's time to move banks for a little better interest rate.
I probably could do a short term CD, but since I have a feeling we could be moving, I need some of that cash for the next house and I don't want it tied up. Or the potential to lose any extra interest, which would reduce the effective rate in the end.
I'm considering going to EverBank for their 6 month interest rate of 1.4%. I would then move the money after that to another bank that is paying closer to 1%. Anyone have a better idea? I have nearly $40K that I would put in the account.
Need to Change Banks
August 2nd, 2014 at 03:15 pm
August 3rd, 2014 at 12:12 am 1407021124
August 3rd, 2014 at 12:14 am 1407021255
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August 3rd, 2014 at 02:55 am 1407030940
I had a municipal bond mature a short time ago and would have liked to put it into a laddered CD. I considered buying foreign bonds like Iceland, Germany [Europe ] etc. but it got so complicated. Instead I am DCA into a non retirement Dividend ETF since I can leave it for 5 or more years.
August 3rd, 2014 at 03:41 pm 1407076870
Thanks snafu! It does take effort to keep track. My husband does keep telling me "I'm glad you are keeping track" in regards to the credit cards. He couldn't do it.