Wednesday, December 27, 2006
Avoid keeping cash in your checking account
Checking accounts typically pay some of the lowest interest rates of any financial tool. With modern electronic transfer and the ability to link accounts, it's in your best interest to avoid extremely low (or zero) interest rates and move your funds to a money market account or a FDIC insured savings account. One or two day money movement between accounts will quickly pay for itself and is well worth the effort.