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Hi there,
I recently discovered that a local bank has what appears to be high paying savings account option if you have a checking account there. It claims the rate is 2.0%APY.
I have seriously considered moving my current saving to an online savings (ING or Ally) to seek a better rate but the previously mentioned local bank options looks more appealing. I am now in position where I am thinking of moving my checking and savings from my current bank which pays .25% APY for their premium money market savings that I have. I was going to move it to the other local bank which pays the higher rate for savings. Here is a link with more information on both banks:
Current Bank:PNC (I have checking and premium money market account for savings)
Bank of Interest: Dollar Bank (checking and free money savings)
Savings Account Comparison in Pittsburgh and Cleveland
My savings is comprised of mostly EF and is ~ 25k.
Any thoughts on closing out of my current bank to make a switch to the bank of interest? Both have local branches and hours which are similarly convenient for me. Just not sure if I'm missing a catch or some other negative aspect. Again, the primary reason for the switch would be to obtain a higher paying savings account rate.
Thanks.
I recently discovered that a local bank has what appears to be high paying savings account option if you have a checking account there. It claims the rate is 2.0%APY.
I have seriously considered moving my current saving to an online savings (ING or Ally) to seek a better rate but the previously mentioned local bank options looks more appealing. I am now in position where I am thinking of moving my checking and savings from my current bank which pays .25% APY for their premium money market savings that I have. I was going to move it to the other local bank which pays the higher rate for savings. Here is a link with more information on both banks:
Current Bank:PNC (I have checking and premium money market account for savings)
Bank of Interest: Dollar Bank (checking and free money savings)
Savings Account Comparison in Pittsburgh and Cleveland
My savings is comprised of mostly EF and is ~ 25k.
Any thoughts on closing out of my current bank to make a switch to the bank of interest? Both have local branches and hours which are similarly convenient for me. Just not sure if I'm missing a catch or some other negative aspect. Again, the primary reason for the switch would be to obtain a higher paying savings account rate.
Thanks.