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closed my local account

February 18th, 2015 at 09:18 pm

I closed one of my local accounts today. I like to keep my money locally cause it is easier to get to and I like supporting local banks.
My money market account, paying 1.25% ended yesterday and they had nothing better to offer. I hate settling for 1/10th of 1 percent, which is what my checking accounts are paying.
I transferred the money over to Mysavingsdirect at Emigrant bank, which is paying 1.04% and Capital One 360 which is paying 9/10th of one percent. I am only going with capital one cause I have a checkbook for that account. Actually GE capital bank is also offereing 1.04% which is a better deal.
I have not completely closed my local account cause I have to leave it open til the end of the month to collect the interest for the month.
I will probably put the rest of the money into GE capital bank.

$20 challenge

Prev. total $3501.00
today 6.00
new total 43507.00

Today is the day I met my husband, 38 years ago!

Posted in $20 Challenge | 2 Comments »

2 Responses to “closed my local account”

  1. VS_ozgirl Says:
    February 19th, 2015 at 11:10 am 1424344224
    1424344224

    Good for you with closing low-paying accounts! If they want to keep their customers they should be able to match other rates

  2. CB in the City Says:
    February 19th, 2015 at 02:12 pm 1424355175
    1424355175

    Happy Date-o-versary!

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