Originally posted by: austin316
Originally posted by: redgtxdi
Now, minus the $50K minimum folks..........looks like there area whole slew of good banks offering over 5%.
Worth it to go chasing after that extra .40% margin???
(shrug)
no. you should never keep more than 2 months expenses in a checking or savings account, the rest should be invested. check out ING Electric Orange. Its a checking account that pays 4% interest.
Also, to continually change to gain a little more interest will cost you MORE money, since some will hurt your credit score because of a hard credit check and also because you will have to wait 7 days while the money is transferred and it will earn 0% during that time.
Put your money in ING (if you need checking) or HSBC if you just want a high return.