Anybody currently or formerly used the Keep the Change offered by BOA? They round up purchases to the next dollar and transfer the difference to their "High Yield Savings" (high of 0.5%). Anyways, they match your contributions. 100% for the first 3 months and 5% there after, up to $250. Was just wondering if it would be worth opening the account just to have the match, after all, free money. Any thoughts on this would be welcomed. I would not plan on transferring all my savings there because of the low APY.
Archive for October, 2008
Today is payday. That put 245 into my checking and 61 into my savings. I also checked my CC balance. Big 'ole goose egg. Wonderful, no more payments to the CC, other than what is taken out auto month to month. Also, I received another check in the mail from college, says it is an accounts refund. I have no idea but I was told not to worry about it, so that is an extra $200. Will deposit that check today and immediately transfer to Savings.
I'm looking for opinions. I have Savings and Checking accounts with JP Morgan (formerly WAMU). My main CC's are with BOA. My question is this, would it be beneficial to move my savings and checking to BOA? Only reason I ask is because they offered me a $75 to open a checking and fund with $25 min. I feel it would be beneficial because it would put all my accounts in one place (all FDIC insured). Any thoughts?
*** Just looked at the BOA site. The checking looks good but the savings sucks. Min balance of $300 for no charge and the Int is pitiful at 0.20%. Right now the WAMU/Chase savings is at 3.0%.
*** Ok, so I just opened up the Checking with BOA. I couldn't pass up the free $75. I've been looking at the Chase accounts and don't like them so I may move all my checking to BOA and move my savings to ING, which i already have an account with. The only reason I would move the savings is if Chase changes the terms of the online savings I have now. Will keep posted.
So, I received 2 checks over the weekend. One for $245 and the other for $60. This puts me at $305. I have $261 left on the card (because I have my cell bill auto pay to it). So, Monday I will deposit the checks and have the money sent to the card. That will give me $44 extra. Unfortunately I had to use some of my savings this week because I sent more to the Card than I should have. I have $150 in there right now. Pay-day is on Friday, and with no other bills, should be able to replenish my savings up to $300, we will see. I still have to get groceries, hopefully I can do what I did last time and get them for under 120 (for 4 people might I add), it helped that we had extra meat left over in the freezer.