Comments on: Should I chase a 4% interest rate? http://sensetosave.com/2008/09/15/should-i-chase-a-4-interest-rate/ Wed, 08 Feb 2012 18:56:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Festive Link Love Carnivality #25 | Free From Brokehttp://sensetosave.com/2008/09/15/should-i-chase-a-4-interest-rate/comment-page-1/#comment-19227 Festive Link Love Carnivality #25 | Free From Broke Sun, 21 Sep 2008 13:08:42 +0000 http://sensetosave.com/?p=1020#comment-19227 [...] it worth switching banks for a slightly higher interest rate,  Sense To Save [...] [...] it worth switching banks for a slightly higher interest rate,  Sense To Save [...]

]]> By: Danihttp://sensetosave.com/2008/09/15/should-i-chase-a-4-interest-rate/comment-page-1/#comment-18881 Dani Thu, 18 Sep 2008 10:26:32 +0000 http://sensetosave.com/?p=1020#comment-18881 "Extra" money is always great and since you banked there already, it probably didn't take much to transfer over. How sad is it, however, that $45 these days is only about as good as a tank of gas, and maybe not even a full one!<em>Dani's last blog post..</em><a href='http://danitime.blogspot.com/' rel="nofollow">What's Pork Got to Do With It?</a> “Extra” money is always great and since you banked there already, it probably didn’t take much to transfer over. How sad is it, however, that $45 these days is only about as good as a tank of gas, and maybe not even a full one!

Dani’s last blog post..What’s Pork Got to Do With It?

]]> By: PThttp://sensetosave.com/2008/09/15/should-i-chase-a-4-interest-rate/comment-page-1/#comment-18757 PT Wed, 17 Sep 2008 11:39:26 +0000 http://sensetosave.com/?p=1020#comment-18757 Some are speculating about another FED rate change which might drop savings rates even lower. Might be a good idea to lock. I'm lazy though.<em>PT's last blog post..</em><a href='http://ptmoney.com' rel="nofollow">Prime Time Money</a> Some are speculating about another FED rate change which might drop savings rates even lower. Might be a good idea to lock. I’m lazy though.

PT’s last blog post..Prime Time Money

]]> By: Kaciehttp://sensetosave.com/2008/09/15/should-i-chase-a-4-interest-rate/comment-page-1/#comment-18685 Kacie Tue, 16 Sep 2008 16:30:18 +0000 http://sensetosave.com/?p=1020#comment-18685 I decided to go ahead and transfer it over. I figured since I already have an account with the bank, it would be much simpler.In six months, I'll just check on what the new rates are and go from there. I decided to go ahead and transfer it over. I figured since I already have an account with the bank, it would be much simpler.

In six months, I’ll just check on what the new rates are and go from there.

]]> By: john bhttp://sensetosave.com/2008/09/15/should-i-chase-a-4-interest-rate/comment-page-1/#comment-18675 john b Tue, 16 Sep 2008 14:31:16 +0000 http://sensetosave.com/?p=1020#comment-18675 Since you have an existing bank relationship, I would go for it! Why not pick up the extra $$$? Like you said, $45 equals a tank of gas.<em>john b's last blog post..</em><a href='http://feeds.feedburner.com/~r/Ezgreatlifecom/~3/393404923/two-more-us-financial-titans-fall' rel="nofollow">Two More US Financial Titans Fall</a> Since you have an existing bank relationship, I would go for it! Why not pick up the extra $$$? Like you said, $45 equals a tank of gas.

john b’s last blog post..Two More US Financial Titans Fall

]]> By: Karenhttp://sensetosave.com/2008/09/15/should-i-chase-a-4-interest-rate/comment-page-1/#comment-18629 Karen Mon, 15 Sep 2008 23:53:46 +0000 http://sensetosave.com/?p=1020#comment-18629 Tough call. Sure, the extra $45 or so is tempting, but is earning $7.50 a month worth the hassle of opening a new account, moving your funds, and then possibly moving them back to ING again in 6 months if there's a drastic decrease in interest? If yes, then go for it!Personally, I probably wouldn't bother. If you're happy with ING, then it might not be worth all of that just to earn a little extra money. If you don't think shifting the funds around is a big deal, though, then why not?<em>Karen's last blog post..</em><a href='http://livingwellonless.com/2008/09/15/be-familiar-with-what-your-insurance-covers-and-be-sure-your-doctor-is-too/' rel="nofollow">Be familiar with what your insurance covers, and make sure your doctor is, too</a> Tough call. Sure, the extra $45 or so is tempting, but is earning $7.50 a month worth the hassle of opening a new account, moving your funds, and then possibly moving them back to ING again in 6 months if there’s a drastic decrease in interest? If yes, then go for it!

Personally, I probably wouldn’t bother. If you’re happy with ING, then it might not be worth all of that just to earn a little extra money. If you don’t think shifting the funds around is a big deal, though, then why not?

Karen’s last blog post..Be familiar with what your insurance covers, and make sure your doctor is, too

]]> By: Kaciehttp://sensetosave.com/2008/09/15/should-i-chase-a-4-interest-rate/comment-page-1/#comment-18608 Kacie Mon, 15 Sep 2008 19:02:30 +0000 http://sensetosave.com/?p=1020#comment-18608 Since it's strictly for emergency savings, I don't want to tie it up in a CD in case I need to get it.I already bank at the brick& mortar bank in question, so that's why I'm considering it. I wouldn't have to open an account with an entirely new, unfamiliar bank. Since it’s strictly for emergency savings, I don’t want to tie it up in a CD in case I need to get it.

I already bank at the brick& mortar bank in question, so that’s why I’m considering it. I wouldn’t have to open an account with an entirely new, unfamiliar bank.

]]> By: FFBhttp://sensetosave.com/2008/09/15/should-i-chase-a-4-interest-rate/comment-page-1/#comment-18600 FFB Mon, 15 Sep 2008 17:24:29 +0000 http://sensetosave.com/?p=1020#comment-18600 If you don't plan on touching the money then you can look into opening up an ING CD. This way you keep it all in one place.I can understand chasing a higher return, after all money is money, but for me it's not worth keeping track of different accounts for a small % difference. I've been using ING for years and have always been happy with them. For a short time I considered opening up a WaMU account. Now I understand they could be in financial trouble. I think I made the right decision to stick with ING.<em>FFB's last blog post..</em><a href='http://creativecommons.org/licenses/by/2.0/' rel="nofollow">Some Rights Reserved</a> If you don’t plan on touching the money then you can look into opening up an ING CD. This way you keep it all in one place.

I can understand chasing a higher return, after all money is money, but for me it’s not worth keeping track of different accounts for a small % difference. I’ve been using ING for years and have always been happy with them. For a short time I considered opening up a WaMU account. Now I understand they could be in financial trouble. I think I made the right decision to stick with ING.

FFB’s last blog post..Some Rights Reserved

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