Bank Laundering
Posted by moonimus on Feb 16, 2008
Even though I’ve been watching the last season of the Wire religiously in the last month, I’m not talking about cleaning dirty money. Clever Dude has inspired me to start cleaning up my bank accounts so I’ve closed my FNBO Direct savings account and my igobanking savings account. Both relatively painless process though I think FNBO was easier. I left very little money in each account and kept them open in case rates at those banks became favorable again. But in the current climate, rates for savings account continue to fall near inflation levels so I won’t be chasing rates any time soon. One United continues to offer an APY of 5.15% but I’ve read from other sources that their rate cuts will be more gradual as they only pay interest quarterly.
This leaves me with the One United savings account, 3 brick and mortar accounts with Chase, an Electric Orange checking account at ING and a rewards checking account with Toledo State Bank. I previously posted about my banking situation here. I’m still looking for suggestions…
