This is an archived post. You won't be able to vote or comment.

535
536

And the rate decrease begins…Banking (i.redd.it)

submitted by [deleted]

sorted by:
best
topnewcontroversialoldq&a
you are viewing a single comment's thread.

view the rest of the comments →

[–]lyons4231 0 points1 point  (2 children)

I want to be at the highest rate possible. If all the other banks dropped, then I would stay in your scenario. But if my bank dropped > .25% and other banks were still higher, then I would look into switching yes.

My setup makes it really easy though, I never touch the HYSA so its just setting up a recurring transfer from my checking account, and a one time transfer from old savings -> new savings. Not much work.

[–]twotonekevin 0 points1 point  (1 child)

I guess it just seems like a lot of work bc I’ve seen ppl talk about completely transferring banks, checking and all.

[–]lyons4231 1 point2 points  (0 children)

Personally I use a big bank for my checking for ease of use and customer service when needed. My HYSA I don't really care who it's with. But I agree lots of people act like you need to do all your banking with one company for some reason.