Quote:
Originally Posted by El Jefe
Anyone have any good recommendations on where to put money you are taking out of Savings? My local PNC is closing, so I am taking all my savings out, and I am going to take it somewhere. I should have done it a while ago, because the interest rate is a joke. I guess I kind of worried putting it somewhere else where I don't have quick access to it.
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I use Ally. It's been fine with 1% APY. Basically matching inflation give our recent rates. I've considered their CDs for my safety net. I think you only lose 2 months interest if you break them but it's been a while since I read up.
edit: it does take a couple days for transfers to another account. I know some ppl who used it for both check/sav then it's very quick.