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my savings account is part of my money. and if a bank wants to give me an extra 1/4 point and i don't take it, i'm leaving guaranteed money on the table. if you're walking down the street and there's a quarter on the sidewalk, do you not pick it up because it's only a quarter? money is money.
depends. . i use my fidelity investments cma account for everything from bill payment to credit cards to investing. sure i can find banks on line to move money to that pay a fraction more but just the hassle of moving it, having to do research and the fact that it makes it less convienient out weighs the 1/4 point i may get.... im better off reserching in that time a real investment that pays alot more than 1/4%...
i look at my portfolio as a whole. cash is cash and its really there to dampen the volatility on my assets that are growing. thats where i focus. a 1/2 point or so wont mean a thing when its spread over the entire portfolio to me. in fact even at zero the cash does exactly what i need it for and the rest of the portfolio meets my goals.
depends. . i use my fidelity investments cma account for everything from bill payment to credit cards to investing. sure i can find banks on line to move money to that pay a fraction more but just the hassle of moving it, having to do research and the fact that it makes it less convienient out weighs the 1/4 point i may get.... im better off reserching in that time a real investment that pays alot more than 1/4%...
i look at my portfolio as a whole. cash is cash and its really there to dampen the volatility on my assets that are growing. thats where i focus. a 1/2 point or so wont mean a thing when its spread over the entire portfolio to me. in fact even at zero the cash does exactly what i need it for and the rest of the portfolio meets my goals.
i guess so. i've heard the "that's too much work" argument. but it truly isn't. it takes 30 seconds to go to bankrate.com and see what the current highest yielding savings account is. i understand it may not be worth the hassle, and it's convenient to have all your money in one account...but in 2011 where pretty much all accounts can be linked for EFT/ACH transfers...i'm reluctant to leave free money on the table. honestly, i've spent more time here talking about it than i spend on checking the latest high yield accounts. free money is free money to me.
i guess so. i've heard the "that's too much work" argument. but it truly isn't. it takes 30 seconds to go to bankrate.com and see what the current highest yielding savings account is. i understand it may not be worth the hassle, and it's convenient to have all your money in one account...but in 2011 where pretty much all accounts can be linked for EFT/ACH transfers...i'm reluctant to leave free money on the table. honestly, i've spent more time here talking about it than i spend on checking the latest high yield accounts. free money is free money to me.
i find when i want to deploy some of that cash for other investments the fact it isnt there for immeadiate use can be a problem for me.
i find when i want to deploy some of that cash for other investments the fact it isnt there for immeadiate use can be a problem for me.
i've never had that issue. transfers usually take 1-3 days at most, and my investment account allows me to buy on margin anyways, and in the timeframe we're looking at, i wouldn't even be hit with interest if i did that. typically though, i know when i want to deploy cash as an investment, and i transfer it to my investment account so i can do so.
but, you make a good point. not saying you're wrong. and we're not talking huge sums of cash here...but i just like to maximize my return wherever possible.
jeez. and anyone can join? do you have to pay a fee to join? i've ready about this credit union, but don't remember the specifics.
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