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Onemoretime
LIF Adult
Member since 9/12 1077 total posts
Name:
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Where to put cash
We have an HSBC o line account and the rate just dropped to .1% I have to move this $$ bc the rate is garbage. Any suggestions? I'm about to empty this account and send it to the mortgage company
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Posted 2/11/13 11:04 AM  |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Where to put cash
Depends on how much you have. I have a savings at Td and it's .4 (I think the minimum is 10k)
Woohoo 
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| Posted 2/11/13 11:20 AM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19454 total posts
Name:
L
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Re: Where to put cash
We used some to pay down the mortgage and others to pay off student loans. I look at it like saving on the interest rate which is similar to getting interest only we are not paying as much of it.
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| Posted 2/11/13 2:24 PM |
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FranM
And so it goes....
Member since 9/05 2217 total posts
Name:
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Re: Where to put cash
I have some great options depending on the amount and time you plan to hold the funds. Downside market protection with upside growth potential.
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| Posted 2/14/13 11:23 AM |
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Re: Where to put cash
My rate on my online ING and Discovery accounts also dropped so I transferred all the funds into my Bethpage Fed Credit Union Checking account. I get 1% APR on it as long as I use my Debit card for 15 transactions each month. So far, haven't had a problem. I would prefer to move it to a Savings account where its safer but none of the savings accounts have good rates now.
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| Posted 2/15/13 5:05 PM |
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latinaj
LIF Infant
Member since 8/10 279 total posts
Name:
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Where to put cash
we use ING
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| Posted 2/20/13 10:34 AM |
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