yeah makes sense % wise, but what’s your return on hassle? Do you carry a large enough balance to warrant the switch on a dollars basis? If so, look for an offer that will give you $xxx to open an account and maintain a balance on top of the higher savings rate. But if you like your bank and it’s convenient and you will earn $13 more in interest it may not be worth it.
mzarc_01 t1_je36kgb wrote
Reply to [Beginner] In my location, my bank (PNC) has a savings account interest rate of 0.03%. Capital One is 3.4%. American Express is 3.75%. Is there any reason not to switch to one of those? by Flopcandy
yeah makes sense % wise, but what’s your return on hassle? Do you carry a large enough balance to warrant the switch on a dollars basis? If so, look for an offer that will give you $xxx to open an account and maintain a balance on top of the higher savings rate. But if you like your bank and it’s convenient and you will earn $13 more in interest it may not be worth it.