April 26, 2008

I'm Wamulian or whatever

By PayDaze

Months after deciding to move my money back to Wamu from Chase, I finally did it last weekend. I walked over to the Wamu that's oh, six blocks from my apartment and opened a "Savings for Success" checking and savings account. It works kinda like a CD, except I don't need a lump sum. I just direct deposit between $25 and $500 to my "Savings for Success" account each month (I have it set at $500 now but will probably change it to $300 in two or three months) and get 5% APY after the year. It should make a big difference considering my Chase savings has a lame interest rate of 0.15% and my HSBC interest rate is now at 3.05%. The only downside is there's a penalty if I need to take the money out prematurely, but I've put a "no touchies" rule on this money anyways, so it shouldn't matter. Man, I wish I had more exciting money news to report, like finding $20, but I don't. And you all deserve better than lies...

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