Where do you keep your money?

Discussion in 'The Lounge' started by Sandwich, Feb 26, 2009.

  1. Sandwich

    Sandwich Pig my fish!
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    I don't know if this is a taboo topic, but where do you keep your savings/checking accounts? Now that I'm a "independant contractor" I no longer have direct deposit, and it looks like I'll be hemorraging money with my skank of dumerica accounts, which have otherwise served me well despite generous fees. I saw an ad for a no-fee checking account somewhere, but I forgot where it was. I want to avoid fees (but am good at managing my account), get a reasonable interest rate, and I like having easy access via ATMs. Part of me would like to get away from my current bank just because they are SO huge it's scary.

    so what's the poop? ING direct, Wachovia? something else?
     

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  2. jonKranked

    jonKranked Press Button, Receive Stupid

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    my checking and savings are both through HSBC. They're one of the few companies that has felt relatively little impact from the recession. The interest on my savings account is still over 2.5%. I don't pay checking fees (but its a personal account, not business). The only drawback is depending on where you are, an ATM might not be convenient.
     
  3. I Are Baboon

    I Are Baboon Run, Forrest, Run!

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    We combine all our money. We have checking/savings with PeoplesBank, although I do keep a separate "rainy day fund" in a credit union account. That little account has come in very useful at times, mostly for vacations.
     
  4. J-Dubs

    J-Dubs Monkey

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    I use the same bank that my parents and grandparents always have. Salem Five Cents Savings in Salem, MA. They are a small outfit that has always erred on the side of caution and does not leverage its mortgages and such. Free checking w/ debit that pays back other atm fees and pays me to use it as a credit card w/ free fraud protection. And 2.5% on savings.
    Small conservative banks are where it's at. I've only been screwed by larger banks I've tried.
     
  5. Snacks

    Snacks Turbo Monkey

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    In a credit union, BECU. No fee's what so ever.
     
  6. BadDNA

    BadDNA hophead

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    All my money is tied up in unsecured debt, just you try and take it!
     
  7. Pegboy

    Pegboy Turbo Monkey

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    I currently have a Bank of America account but due to the actions of their CEO's after the bailout I am shopping around for a more local bank. BoA was attractive because there was no fees and I could travel the country and find ATMs everywhere but, at the end of the day, when I need money from an ATM I am not likely to drive around aimlessly looking for a BoA machine.

    When I close the account I plan on writting a letter and informing them that I am taking my business elsewhere due to their actions. Will they miss my pennies? No, but it is a matter of principal and I would urge others to do the same.
     
  8. TN

    TN Hey baby, want a hot dog?

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    It crossed my mind to do the same (been with BoA forever). There are none in WI so we have a local checking acct. & two accts. with BoA.

    I really like their website & their 'keep the change' program.
     
  9. antimony

    antimony M.N.F. Beer Wench

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    Checking & Savings #1 (Money Market) - Bank of America
    Savings #2 - ING Orange Account
     
  10. Prettym1k3

    Prettym1k3 Turbo Monkey

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    My wife and I have a checking, savings, Visa card, Visa Check Card and Line Of Credit through Wells Fargo. I haven't noticed anything change on our accounts recently. We don't use the CC, LOC, or Savings for anything. We just use the checking to make daily purchases and pay bills.

    We keep our savings account in a low-risk savings at a local small Credit Union. They've been stable a long time, and have mostly government employees who use their bank, so they are usually good to go seeing as the government covers it's own @ss first, before the people it's assigned to protect.
     
  11. ridiculous

    ridiculous Turbo Monkey

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    Still with bank of america for all of my generic stuff. Getting plenty of discounts with them for insurance, verizon service and redskins stuff. Dont pay fees for anything because I setup all my accounts when I was young and in college. But as long as the bank offers free bill pay Im happy. The mobile banking feature is also pretty cool.

    Been looking at getting an account with navy federal.
     
  12. jimmydean

    jimmydean The Official Meat of Ridemonkey

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    Simmons Beautyrest Black Label Luxury Collection:

     
  13. dante

    dante Unabomber

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    ING rules. 2.5% on checking, as many savings accounts as you want, free paper checks (as in, you type in the amount, give them an address and they'll print out and send a check for free), free transfers to/from any other accounts you have (EFT), and free ATM use with anybody else (they'll cover the ATM fee up to 5 / month or something). Heard that HSBC's internet banking system is pretty similar/good as well, but can't comment on them specifically.

    The only reason we also have a WF is that's where our mortgage is through, and transferring money is a PITA.

    Edit: CRAP, just checked ING and they're down to 1.85% rate on savings?? WTF? in the past month it's gone from 2.4, to 2.2, to 1.85. HSBC is (still) at 2.25%, but who knows what any of them are going to go down to...
     
    #13 -   Feb 26, 2009
    Last edited: Feb 26, 2009
  14. boogenman

    boogenman Turbo Monkey

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    what money?
     
  15. jimmydean

    jimmydean The Official Meat of Ridemonkey

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    My local CU account is 4% on checking, 5% on savings and the branch is right down the street. ATM surcharge rebate at the end of the month (all fees charged, even the $3 ATM at the strip club), free electronic checks, free paper checks, free cashiers checks.

    I do most of my banking through USAA because I have my house/car/motorcycle insurance through them as well and get awesome discounts. But I needed a local branch, so I opened the credit union account to cash checks and stuff.
     
  16. Quo Fan

    Quo Fan don't make me kick your ass

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    Here. I'm just not sure where "here" is.
    In cash. On my person.
     
  17. stoney

    stoney Part of the unwashed, middle-American horde

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    Individual and joint checking and savings at Wamu. Never leave more than $10k between all accts there. Rest is in dollarsavingsdirect account; 2.65% annual.
     
  18. dante

    dante Unabomber

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    stable bond funds are looking better and better for long-term capital.