Wednesday, February 24, 2010

Earning some decent interest....

You can earn interest on a free checking account!  Really!!  We are currently doing just that.  Go to Checking Finder and search for a bank that pays some good interest.  Make sure to research thoroughly and see that you can meet all of the accounts requirements.

Our account requires us to have a minimum number (10) of debit card transactions (so you may want to wait on this until you decide to move away from using just cash...if you decide to do that), an automatic deposit, sign up for electronic statements, and access your account online once a month.  We kept our local account for cashing and depositing checks and then we do an online transfer to the out of state bank with the high interest checking.  Works out great!

It is nice to earn 3% or more rather than .5%!!!  Especially, when that emergency fund grows!

Ok..I promise my next post will be about our Baby Step Two adventure.  I just need to get some details from the hubby!

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