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kingsfan
President of the Todd McLellan fan club by default
They aren't gimmicks. There are usually at least one string attached of an annual fee or high daily minimum balances though.
I used a credit card to buy pretty much every and just pay the balance off every month. I haven't used cash for anything , aside from mmj, written a check, or used my debit card in a LONG time
Rumpelstiltskin
Serial Ruminator
We have Chase, but that's only for our SEP-IRAs and basic checking account (one useful minor perk: we get free money orders). Not a huge Chase fan, but we've both been with "them" since they were Home Savings of America, so we were basically too lazy to switch, and just consolidated our accounts once we got married.
Over the last couple of years, I've become a big fan of online banking; specifically, as a savings vehicle:
If you're going to use the account exclusively as a deposit/savings account (i.e., never going to make withdrawls), go with a Barclay's Dream Account. The interest rate is 1.05%, but the kicker is: you make six months of "unimpeded" deposits (i.e., no withdrawls), and they essentially double the interest rate --and this is retroactive. You can throw up to $1,000 per month in there (we started ours about 7 months ago, and we're *very* happy with it so far). Downside: there's no ATM/Debit card or physical checks, so if you want to actually make a point-of-sale transaction with these funds, you're using EFT.
For a slightly more flexible-but-still fairly high-yield account, go with Ally Bank. Their interest rate is a bit lower, but it comes with a Debit card (you can order physical checks, I believe, but we never use physical checks anymore anyway) and you can do up to six withdrawls/debits per month.
PM me if you want more info...
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I second the Barclay s recommendation
Also- I HATE Chase. Those cockgoblins bought my mortgage and they ****ing suck
I wish I could be like "Hey Chase"
Also- I HATE Chase. Those cockgoblins bought my mortgage and they ****ing suck
I wish I could be like "Hey Chase"
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kingsfan
President of the Todd McLellan fan club by default
Bee Sheriff
Bad Boy Postingâ„¢
Rumpelstiltskin
Serial Ruminator
Yeah, every time we've had to interact with an actual "officer" at Chase, it usually hasn't gone well (fortunately, this has been relatively rare); the front-and-second line folks have been generally fine, thankfully. And I know this sorta' sucks, but I've become kinda' fond of their new "Super ATMs" (or kiosks, whatever). I'd probably feel exactly like you if they took over our mortgage, though.
When I lived in Ventura, there was a chain up there that some of my co-workers were with that they just raved about: Rabobank. Never had the chance to check them out myself, but they had a cool-looking logo at least...
Mitchnesses
Hunk of Monkey Love
Reclamation Project
Cut It All Right In Two
- Jul 6, 2011
- 34,135
- 3,783
I never keep a MTM balance so whatever negative terms they have don't bother me. I don't even know the interest rate to be honest. I'm using the card as a tool and making my money work for me.
The single best tool for long term savings is a compound interest account. I have one and put 20% of my annual income into it - no fluctuating. I have no idea why it's such an illusive thing for so many people. There isn't a better long term money growth tool than a compound interest savings account. Nothing even comes close. It shocks me how not every working person on the planet has one. Again, make your money work for you.
The single best tool for long term savings is a compound interest account. I have one and put 20% of my annual income into it - no fluctuating. I have no idea why it's such an illusive thing for so many people. There isn't a better long term money growth tool than a compound interest savings account. Nothing even comes close. It shocks me how not every working person on the planet has one. Again, make your money work for you.
Surely your questions are rhetorical in nature. Most working people on this planet are dirt poor because they receive slave wages. As far as this country goes, most working people live from paycheck to paycheck. If you suggest to them putting 20% of their income into a compound interest-bearing account they are just going to stare incredulously at you.
Choralone
Registered User
Choralone
Registered User
Surely your questions are rhetorical in nature. Most working people on this planet are dirt poor because they receive slave wages. As far as this country goes, most working people live from paycheck to paycheck. If you suggest to them putting 20% of their income into a compound interest-bearing account they are just going to stare incredulously at you.
Also, finding a descent interest rate on a savings account nowadays is like finding a unicorn.
Reclamation Project
Cut It All Right In Two
- Jul 6, 2011
- 34,135
- 3,783
I was talking about the people that have a retirement and savings account in place (the assumption was that's what Rumpelstiltskin was talking about - interest bearing accounts and plans).
Not gonna get into the whole wages thing because each person determines their path. Not their employer.
Hence the compound interest account.
I'm putting about that much away each year in my SEP-IRA. I have been successful at reaching the max that I can invest each year, which is generally about 20% of net self-employment income. The only way I could possibly do this is to keep working at a very lucrative position for my age group and experience. Most people are not as lucky as I am. I would say very few people can attain that 20% figure, and I struggle to get there each year, but I do realize how important it is for my future in order to do that.
There was no way I could do that throughout my 20s, 30s, or 40s. Low wages in my 20s, buying a new home and having kids along the way in my 30s, paying for private schools and of course a mortgage, etc. and family in my 40s, and even in my 50s it's a struggle: paying for college and an of course a new mortgage, loans, etc. Chasing that elusive dream of "financial independence"; probably will die before I ever get there.
Meanwhile, since this is the only thread I am allowed to post this idiot's portrait, here we go:
Macarena
Macramellow
Macramarshmellow
Macrameow
Macrasoft
Macarena
Macramellow
Macramarshmellow
Macrameow
Macrasoft
Dude looks worn out when he took this photo.
Or maybe he was drunk.
Or he could have been drugged.
Perhaps he was just sleepy.
Actually, looks like he is ready for the coroner's shiny dissection table, but I think he must still be alive because he has a suit on. Then again, the suit could have been photoshopped on...
Dude looks worn out when he took this photo.
Or maybe he was drunk.
Or he could have been drugged.
Perhaps he was just sleepy.
Actually, looks like he is ready for the coroner's shiny dissection table, but I think he must still be alive because he has a suit on. Then again, the suit could have been photoshopped on...
He just met with the good hooker. The one of that leaves before you even think of asking.
kovacro
Uvijek Vjerni
Meanwhile, since this is the only thread I am allowed to post this idiot's portrait, here we go:
Macarena
Macramellow
Macramarshmellow
Macrameow
Macrasoft
I've kind of been on a bit of a sabaticcal lately so between that, trying to catch up on season 2 of Miami Vice and completing my latest Bob Ross "Winter in Alaska" painting, I honestly have no ****ing idea who this dude is. Does he work with Lionel Hutz? Howard Hamlin of "Hamlin, Hamlin & McGill"?
Reclamation Project
Cut It All Right In Two
- Jul 6, 2011
- 34,135
- 3,783
^ He wishes.
20% is the grail and I absolutely understand how it would be hard.
The 20s age bracket nowadays is absolutely boned (even the 30s). The average resident in LA spends half their income solely rent. They'll never get that back. It isn't a savings account like a mortgage.
My main point - any dedicated savings should be put into a compound savings account. They're awesome.
20% is the grail and I absolutely understand how it would be hard.
The 20s age bracket nowadays is absolutely boned (even the 30s). The average resident in LA spends half their income solely rent. They'll never get that back. It isn't a savings account like a mortgage.
My main point - any dedicated savings should be put into a compound savings account. They're awesome.
kovacro
Uvijek Vjerni
Ahh ffs, AMC renewed that rubbish show "Turn" for Season 3 but has yet to renew "Halt & Catch Fire".
I watched about 10 minutes of "Turn" and it made me want to hit the ****ter. Absolute garbage.
The ratings for H&CF are not the best but it's a quality show. Wish it had more viewership.
I watched about 10 minutes of "Turn" and it made me want to hit the ****ter. Absolute garbage.
The ratings for H&CF are not the best but it's a quality show. Wish it had more viewership.
I second the Barclay s recommendation
Also- I HATE Chase. Those cockgoblins bought my mortgage and they ****ing suck
I wish I could be like "Hey Chase"
Really? I have a Chase card and have been generally happy with them, though I'm pretty low maintenance. Their fraud protection is pretty good. Was thinking of switching my checking account to them as well. I've got Citibank right now. I pretty much do all my banking online and they're fine for that, but they just closed the last (inconveniently locataed) ATM that was anywhere near my home. I now have to literally drive past three ATMs of all the following banks to get to the nearest Citibank ATM:
Chase
Wells Fargo
Bank Of America
Bank Of The West
Even though I only get cash about once every 3-4 weeks, it's ****ing annoying, and since there's a Chase within walking distance on my street and one right across the street from my office, I figure what the hell?
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