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Would it be better to have two savings accounts (one actually has 6% APR) and split saved money between both or just keep the one with the higher APY?
Tuesday, 04-Oct-11 04:55:53 UTC from web-
@ladestitute That depends on other factors. I keep two savings accounts, both with similar APR, but one's designated for a specific purpose and the other's just general "Oh, hell, I need money now" saving. Does the higher APR one have more restrictions on it? (I really don't know the full range of questions to consider, so that's all I've got).
Tuesday, 04-Oct-11 04:57:35 UTC from web-
@scribuscooper One thing to bring up: I've been taught by my mom to keep banking and debit/credit/online payments separate so that's why I originally thought of having two seperate accounts for such things. Restrictions?...far as I know, not sure. My conneciton is too godamn slow to load the site for the other savings account.
Tuesday, 04-Oct-11 05:03:18 UTC from web-
@ladestitute Your mom taught you well. You can't use the same account to daily transactions and storing money. If you keep them separated, you use the storing one like two times a month, and the chance of getting it stolen is really low.
Tuesday, 04-Oct-11 05:08:52 UTC from web-
@nerthos I've been pushing her (along with myself) to save 10% of her benefits/paycheck in her savings account as well
Tuesday, 04-Oct-11 05:11:04 UTC from web-
@ladestitute I'd do the same if not for the banking system here at Argentina eating accounts at the year 2002 crisis. Now i keep the money with me. It is most likely that i go to jail after killing five thieves than they stealing it.
Tuesday, 04-Oct-11 05:17:54 UTC from web
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