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re: Savings vs Money Market?

Posted on 3/18/14 at 11:21 am to
Posted by slackster
Houston
Member since Mar 2009
85136 posts
Posted on 3/18/14 at 11:21 am to
quote:

Define good please.


I think the preferred spin would be "competitive" rather than "good."

Personally, I'd open up a Charles Schwab money market checking account. Last I checked, the rate was 1% and they will reimburse you for any and all ATM fees, including the ridiculous fees at a casino. Only downside is the face to face interaction, but I find their customer service to be excellent, even over the phone. I have a local bank for my day-to-day checking, and I have a portion of my paycheck deposited into my Charles Schwab checking account for savings/brokerage capabilities.
Posted by TheDiesel
Phoenix
Member since Feb 2010
2608 posts
Posted on 3/18/14 at 11:33 am to
quote:

Schwab checking account


Are you talking about their Investor Checking and High Yield savings accounts? I only receive .1% and .12% respectively.

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