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Reply to "Would you switch banks for $500. a year?"
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[quote=Anonymous][quote=Anonymous]I have two large CD's in different banks paying something like .76%. I've also found two online banks offering 1.30%. I hate the process of opening and closing bank accounts but making $500. a year extra on each CD almost seems worth it. Would anyone else bother? * I already have a large investment account, this is money I wish to keep as cash.[/quote] My DH and I are in fields where we need to fully disclose all of our financial holdings and ensure there are no independence conflicts with banking institutions so for the most part we keep things where they are. BUT for and extra $500 a year - absolutely! Think of how much of an impact that could have to a charity that provides meals to the homeless? Or refugees? Paying someone's grocery bill at the grocery store. Sponsoring a child for summer camp...[/quote]
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