Ok so we've come a long way financially since I used to post here years ago and we have a pretty nice savings. We have 3 actually, one for an e-fund, one for a rainy day (if we want to go on a trip for example), and a savings for DD for the future. I do weekly deposits into ours, and a large yearly deposit into DD's.
Anyway, I started the accounts in ING, and that's where they still are. Now it's Capital One 360, which makes me cringe and makes me wonder if I should move it somewhere else...
Thoughts? The only other bank accounts that we have are at Wells Fargo (We have a joint checking, and we each have a fun money acct) but I don't want to do savings there. I like not having the accounts connected by being at the same institution.
Post by crashgizmo on Nov 21, 2014 16:04:56 GMT -5
Hmm this is making me want to move mine.
Right now our efund is split between USAA and Chase. We moved some money to Chase about a year ago because they offered $500 to open a new account. We figured that was better than the crappy interest we were earning at USAA.
Some cash in a BofA money market (so we can transfer between that acct and our BofA checking as needed). Some more cash in a Vanguard money market. The rest in Vanguard mutual funds.
Every day cash flow type savings (probably 2-3 months' worth?) is at Citibank. We keep a bit of an emergency cushion in Capital One (the interest rate is not enough higher than Citi to justify that really, but we like to have cash that we forget we have, and that's where it is).
The rest of our savings -- the vast majority of it -- is in the market.
We have Capital One 360 and Ally; Ally is .9% currently and Capital is .75%. Doesn't seem like much, but right after we sold our house, I opened it for the proceeds. We needed it liquid.