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Reply to "How much do you keep in your checking account?"
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[quote=Anonymous][quote=Anonymous]I have a savings account that's been sitting idle for 20 years with something like $8k in it. Every year BOA sends me my tax interest statement, and it's usually around $1.23 interest per year. It's not like a savings account is going to net me enough interest in a year to make it worth my while to move stuff around. I earn around $1500/hr, so spending an hour to save $25 doesn't make sense for me. [/quote] That's because your savings account sucks. $1.23 on $8000 is 0.015% interest. Put $1 million in an HYSA and you can earn at least $40k on it. Which I realize is chump change to you. So carry on, I guess.[/quote]
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