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Originally Posted by poundwise
And when I put money in savings, I don't intend to spend it. That is, while I may make a withdrawal from time to time, I certainly don't spend from it weekly or daily as I do with my PayPal account.
Lastly, I don't like the idea of my savings account being tied to a debit card/number.
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Thanks for the input. You and I use our Paypal accounts differently. I park money there and leave it there, except for the occasional pay out for an ebay purchase or the deposit from an ebay sale. I don't have a Paypal debit card so I don't spend that money often - hardly at all actually. Because of that, the transfer speed isn't particularly important to me. I have more readily accessible money elsewhere for emergencies. As for the interest rate, I could do a little better, like 5.05% now instead of 4.82, but for the amount of money I'm keeping there, that spread isn't enough to me to bother with yet another account to keep track of. Thanks for sharing your opinion.
There are so many savings options out there now. Probably isn't one ideal option for everyone as it depends on a lot of factors as you detailed.
