Quote:
Originally Posted by qnguyen010
So here's my issue with online savings accounts.. please let me know if this is not something i should be worried about..
i'm a college student with 3 CD's totaling 18k.. i wanna leave those alone and start a savings account from scratch so i have a more liquid approach.. my only concern is that since i wont be putting much money into the online savings account at a time, would it be a waste since i have to pay a transfer fee to get funds from my wachovia checking account to the online account? ...not sure if im explaining myself well.. but any advice?
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Dump Wachovia & get a bank that does not charge transfer fees. I've shunted money b/t my brick-n-mortar and online banks for years and never incurred a fee. The simplest solution would be to get a bank like provident or HSBC where that has both options and you can manage your accounts online or at the local branch.