[maat55]

Originally Posted by jimstolz76

OK, so I opened an Etrade online savings account at 3.15% and a Provident Direct account at 3.50%. I also do my regular banking at Provident, so the online savings account shows up with my checking account when I do my normal online banking.

The Provident account will be very easy to access, while also having a higher interest rate. I opened the Etrade account thinking that I would put a larger portion of money in there because it would be a bit harder to get money out of and would help to reduce making withdrawals on 'impulse.'

Will I be losing out by putting MORE money in the lower interest savings than in the higher interest, easy access savings? Or is it worth it to lose a couple tenths of a point of interest in the hopes of keeping it safely away from the day-to-day finances?

I wouldn't sweat it.