Question about where to bank

Anonymous
I’m trying to simplify and organize my financial life. I do my day-to-day banking with a credit union— checking, credit card, modest savings for immediate needs. I also have a capital One account where I keep the bulk of my cash Ina HYSA. Also have a few CDs there.
Then I have a Fidelity account for stocks and also have the equivalent of a HYSA there. I’m thinking I’d like to get rid of Capital One and move my savings to Fidelity. Any reason not to use Fidelity as a bank? Thanks.
Anonymous
Get rid of some useless products first like CD, several Hysas and then a bank. What does a credit union do for you? I haven't needed to go to bank or use a check for ages.
Day-to-day banking? What is that? It's credit card mostly for points and pay it off set to automatic.
Fidelity equivalent to HYSA is plenty to hold some cash you may need.
Capital One is great if you travel abroad.
Anonymous
I use a couple different banks because I am worried about future bank stability and don't want all my money in one place. But I dont really think it matters which of the big ones you use.
Anonymous
I keep a couple bank accounts open at various banks due to the potential need for their products. USAA has great insurance, although it is getting expensive. Pentagon Credit Union historically has great mortgage and other loan rates.

I’m like the OP and need to consolidate to make things less complicated.
post reply Forum Index » Money and Finances
Message Quick Reply
Go to: