Comments on: Rate Chasing

By: J. Money

J. Money — Sun, 14 Jun 2009 17:33:38 +0000

nope, don’t have the patience or time really to chase rates I use USAA for all things possible (have over 13 accounts there) making it super easy to track and manage, so even if i *could* save a few dollars just by switching, it wouldn’t be worth it to me.

def. an interesting topic though.

By: Michelle

Michelle — Thu, 11 Jun 2009 11:56:53 +0000

continuing my aborted thought up there> if CU lowers the rates on my cd’s I would probably do a little searching, but they are laddered and serve as my major emergency fund, so I’d be reluctant to move them to a bank that I couldn’t access easily…

By: Michelle

Michelle — Thu, 11 Jun 2009 11:54:18 +0000

Another blogger (can’t remember who – maybe Madison at My Dollar Plan) has something like 98 different accounts, so you’re not maxed out yet!

I have a local credit union, a big bank, and a national specialty on-line bank with various accounts at each – checking & 3 savings (tagged for various goals) & nice-rate CDs (still at 3 to 4%!) at the Credit Union; my mortgage is at big bank, so I direct deposit 1/2 payments per pay period there; and at USAA I have my off-site/not-easily-reached savings (and a checking that I never use). This is a total of 10 accounts (if the cds are in one ‘lump’) and sometimes I also feel a little overwhelmed. I rate chased to USAA (actually for a $100 account-opening promo, but I’d been looking for an on-line bank anyway), but I’m at my limit for what I want to track. If my credit union were to drastically lower the interest rate on my cd’s

In other words, whatever works for you!