OP here, thanks for the suggestions. Looks like I'll be switching, just hate the process. Currently Capital One Saving is offering a 1 year rate 1.30% plus a $500. bonus for opening an account with over $50,000. Ally Bank is also offering 1.30% for a 2 year account but allows you to bump the rate up one time.

As for the BofA comment. I've been a BofA customer all my life and have never been charged a penny for any type of fee. I assume you maybe keep a low balance with them.

Sure

yep. I'll bank hop for any promotion over a couple hundred!

On a CD I would, and recently did for less. If I was actually moving my checking account, with direct deposit and bill pays I would have to thonk about it.

Of course I'd switch.

Which bank!?! I'm with Ally and would love to get 1.3%

Anonymous wrote: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...

Or buy snowflake a new Xbox or some designer jeans!

Anonymous wrote: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.

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...

Bank of America keeps charging me fees despite how I set up the accounts to be entirely paperless and electronic only (no window service) to avoid them. I've been with them since they were Nation's Bank (and still have my original bank card, which amuses the bank manager to no end).

But, I'm seriously considering ending the relationship. The fees end up being quite significant per year for my three accounts. Sigh.

There are higher interest savings accounts too, for money you want to keep liquid. I am making around .96 right now on a Discover account.

I'm in your situation and the answer is yes. I'm trying to decide between which new bank.

Anonymous wrote: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.

are you okay with this idea ^^^? If so then leave it where it is.

Honestly are DCUMers that jaded that they have to actually contemplate whether or not to totally waste $500?

Check out high yield checking accounts at credit unions too. And yes, I would and have.

Yes I would.

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.