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Reply to "Will Banks/S&L's pay interest by check or auto transfer?"
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[quote=Anonymous]Long story short I have 3 different large CD's each paying about 1.25% right now. I'm FIRE and no longer in need of saving anymore cash (also have various investment accounts and pension). I was just planning to throw this monthly CD interest into my vacation account for spending throughout the year. ($3,500. or so at todays rates) I know years ago banks would send a monthly interest check if requested and I was wondering if they still offer that or do they only offer reinvesting into account? I don't have a checking account with either of these bank/S&L's so no automatic deposit would be available. [/quote]
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