- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Do you move your emergency fund around?
Posted on 1/8/15 at 12:40 pm
Posted on 1/8/15 at 12:40 pm
I hate that I haven't been doing this for years. I've moved my emergency fund around about every 6 months the last two years (around $15,000)...another bank is always offering $175-$200 to open a savings account with them. I just did this with Chase today...only have to keep the account open 6 months. $175-$200 isn't life changing cash but it's worth the hassle if you ask me.
6
Posted on 1/8/15 at 12:56 pm to Chaplain
I don't have an emergency fund, but I love that Spurgeon avatar 
Posted on 1/8/15 at 1:18 pm to Chaplain
Im' reading a devotional by Charles Spurgeon right now. the prince of preachers!
Posted on 1/8/15 at 2:14 pm to Chaplain
Spurgeon FTW. Him and Jonathan Edwards could do this country some good.
A friend of mine opened about 10 savings accounts a couple years back. Did the minimums, followed the rules. Ended up making enough in bonuses to take his family on a nice vacation.
I remembered this the other day, and figured it up using this site:
LINK
Canceling out the long term bonuses (banks that give you $10 a month for 24 months) and the ones that require direct deposits and in-person account startups, there's $1600 in free money if you want to take the trouble to keep up with 12 accounts for six months.
A friend of mine opened about 10 savings accounts a couple years back. Did the minimums, followed the rules. Ended up making enough in bonuses to take his family on a nice vacation.
I remembered this the other day, and figured it up using this site:
LINK
Canceling out the long term bonuses (banks that give you $10 a month for 24 months) and the ones that require direct deposits and in-person account startups, there's $1600 in free money if you want to take the trouble to keep up with 12 accounts for six months.
This post was edited on 1/8/15 at 2:15 pm
Posted on 1/8/15 at 4:53 pm to Chaplain
no
Posted on 1/8/15 at 4:57 pm to Chaplain
I've never did that, but I can see the advantages of it.
I do tell people with a lot of money (like very old ladies who don't want anything risker than a CD) to spread it among different banks. No issues with FDIC guarantees, and also, if an account gets hacked, it won't wipe you out.
I do tell people with a lot of money (like very old ladies who don't want anything risker than a CD) to spread it among different banks. No issues with FDIC guarantees, and also, if an account gets hacked, it won't wipe you out.
Posted on 1/8/15 at 5:46 pm to Chaplain
quote:
I hate that I haven't been doing this for years. I've moved my emergency fund around about every 6 months the last two years (around $15,000)...another bank is always offering $175-$200 to open a savings account with them. I just did this with Chase today...only have to keep the account open 6 months. $175-$200 isn't life changing cash but it's worth the hassle if you ask me.
Lots of people disagree, but......or you can put it in a Roth in a conservative holding and earn 1000+ annually.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News