471–480 of 615 posts
Earlier quoted context omitted.
You're getting 0.3% APY, which is pretty useless. I would instead try some of the banks that promise you higher APY rn. There are some offering 2-3%
No one is offerring 2%-3% when the fed rate is at zero. You're about a year behind relity.
I'm a Simple customer and incredibly upset by this decision. For those not familiar with their value add, Simple is essentially "envelope budgeting" built into a banking application. Sure, it's a bank and does bank things. What sets Simple apart is that I can allocate $n/month for an expense and it takes it out of my paycheck and puts it into that expense "envelope". When a charge comes in for that expense, it pulls…
I was forced to ditch Simple after their ridiculous application policies wouldn't allow my spouse to create an account for us to have a joint account. Since doing so, I've signed up for YouNeedABudget (YNAB) [1], and couldn't be happier. Simple was a great service and I'm sad it is calling quits, but I've outgrown it. [1] https://www.youneedabudget.com/
Earlier quoted context omitted.
I don't know of anyone offering 2% right now, but for historic purposes here is an article about some great rates above 2% over a year ago: https://www.cnbc.com/2019/10/11/savings-accounts-besides-all...
Well, since the stock market only goes up [0], just put all your money in TSLA and you'll do better than 2% [0]: https://twitter.com/stoolpresidente/status/12685424540867502...
I'm a Simple customer and incredibly upset by this decision. For those not familiar with their value add, Simple is essentially "envelope budgeting" built into a banking application. Sure, it's a bank and does bank things. What sets Simple apart is that I can allocate $n/month for an expense and it takes it out of my paycheck and puts it into that expense "envelope". When a charge comes in for that expense, it pulls…
I was forced to ditch Simple after their ridiculous application policies wouldn't allow my spouse to create an account for us to have a joint account. Since doing so, I've signed up for YouNeedABudget (YNAB) [1], and couldn't be happier. Simple was a great service and I'm sad it is calling quits, but I've outgrown it. [1] https://www.youneedabudget.com/
Earlier quoted context omitted.
No one is offerring 2%-3% when the fed rate is at zero. You're about a year behind relity.
TMobile's bank is offering 4% on the first $3000 and 1% on anything after that and they treat it like a checking account with their own debit card. It was going to be a total no brainer to move nearly all banking to them until I realized they block all automated financial tracking software. No budgeting with YNAB makes it a non starter for a checking account, but luckily YNAB can note transfers in automatically by lo…
Earlier quoted context omitted.
Most of the accounts are for things that have a mostly-fixed price per month (e.g. utilities/insurance/investing that might cost more/less month-to-month, but average out to $X, which gets automatically put in them each month), or things that build up each month and get spent whenever (e.g. gifts/travel budgets that I put $X into each month, then pull from as-needed whenever it's someone's birthday or the $ is high e…
So you have a separate account for your rent, for your utilities, for your insurance, etc? If these are all roughly fixed costs, I have trouble understanding what you're gaining from this rather than having them all in one account, except additional headaches.
If you look in your spending account and you have $80 left for the month, you're gonna budget around that, buy cheaper meals, hold off on purchases, etc. If you look in a singular account and it's a few thousand (covering your rent, insurance, utilities, etc that'll all get withdrawn on some day), you're a lot more likely to accidentally overspend and overdraft.
If you set your money aside for expected expenses when you get it, it makes it a bit easier to know exactly how much you have left over and can actually spend (or save, or invest, etc) that month.
Earlier quoted context omitted.
No one is offerring 2%-3% when the fed rate is at zero. You're about a year behind relity.
https://www.hmbradley.com/ currently does, with the caveat that you have to save at least 20% of your direct deposits.
Earlier quoted context omitted.
https://www.hmbradley.com/ currently does, with the caveat that you have to save at least 20% of your direct deposits.
Interesting. Seems like you could work around the caveat by splitting your paycheck's direct deposit allocation between your checking account bank and HM Bradley, so that from their perspective you're saving 100% of your direct deposit.
Earlier quoted context omitted.
Not sure if you still have those marks on your record preventing you from opening a checking account, but basically all of the online banks do not check records to open an account (as of today.) So even with wrecked credit, a bad ChexSystems/EWS report etc, you can still get an account. Perhaps this might also be useful for anyone reading this who is in a similar situation today.
I'll be moving to another bank and I'm no longer in a position where I have to worry about stuff that happened back then. It's just kinda sad losing the bank that I've used for basic checking from living under an overpass all the way through home ownership. :(
Of all the various banks I've seen today, One Financial was the best looking one. https://www.onefinance.com
Earlier quoted context omitted.
Agreed in principle, but unless your credit is great, getting a card with enough of a limit to let you do this is almost impossible.
Wow. My credit card limit has been about 2x monthly income since I started working.