Comments on: Switching Banks Made Us $500+ Extra Each Year

By: Jack K

Jack K — Sat, 16 Feb 2019 07:41:57 +0000

TCF actually now offers a savings account that offers 2.25% interest with $10k minimum deposit and keeping the balance above $10k.

By: DC @ Young Adult Money

DC @ Young Adult Money — Sun, 03 Feb 2019 19:25:39 +0000

In reply to Jason Butler. Would highly recommend. There MAY be some credit unions out there with higher rates, but with a $100 minimum opening deposit (with $100 monthly deposits going forward) I haven't seen anything that comes close.

By: Jason Butler

Jason Butler — Thu, 31 Jan 2019 15:01:10 +0000

I’ve never heard of CIT Bank. I need to see what other options are out there. I need a better interest rate.

By: David Carlson

David Carlson — Wed, 30 Jan 2019 22:55:21 +0000

In reply to GIULIA. That's good to hear! Unfortunately I don't think my current bank would come up to anywhere near what CIT bank will give me. If they aren't going to match their rate of 2.45% APY (as of this comment publishing) then there is no reason for me to keep my emergency fund parked there.

By: David Carlson

David Carlson — Wed, 30 Jan 2019 22:53:57 +0000

In reply to Abigail @ipickuppennies. Yes that's great that you are up to 2.2%! If you look at the details of the 2.45%, though, you just have to deposit $100 a month to get the higher rate. Minimum opening balance is $100 to qualify. If you even have $1,300 in another savings account you can deposit $100 to start and set up auto transfers of $100 to CIT.

By: GIULIA

GIULIA — Tue, 29 Jan 2019 08:32:19 +0000

sometimes is necessary switch banks well I found a good deal keeping my old banks but renegotiating the annual cost of my bank account and I’ve saved a good amount:D

By: Abigail @ipickuppennies

Abigail @ipickuppennies — Mon, 28 Jan 2019 15:17:05 +0000

I haven’t had savings in a traditional bank in years, choosing Capital One 360 for a long time at 1%. Way better than the brick and mortar banks, but I finally switched to Ally a few months ago for 2%. The difference is huge — especially since I happened to switch when it was offering a sign-up bonus of 1% for any funds transferred in October. So I’m getting a boost from that too! And I was just notified that the rate is going up to 2.2%.

I don’t have enough in any one account to qualify for CIT, but I’ll keep it in mind once I do.