I bank with NBKC now and love them. They have an everything account that offers 1.75% APY + ATM refunds. Their customer service is fantastic. I've updated all my direct deposits and auto pay to the account, as well as Venmo, PayPal, etc.
Given that everything is linked to this account, I sometimes wish I had a second account to move money to when I won't need the funds right away. They offer a Money Market account at 3% APY, which has the same benefits as the checking account, but could "theoretically" limit transactions at some point in the future (it used to be limited to 6 before REG D was removed).
I've been thinking about opening the second account so that I can have an account to quickly move excess funds to that I won't need for ~30-60 days. I do have a Vanguard Cash Plus account as well as a Vanguard Brokerage account but sometimes the complexity of the external ACH transfer is not worth it, plus it'd be nice to have "immediate funds" to transfer into my primary checking in the event of an emergency.
At the same time, I like the idea and simplicity of one account. Curious what others do.
Given that everything is linked to this account, I sometimes wish I had a second account to move money to when I won't need the funds right away. They offer a Money Market account at 3% APY, which has the same benefits as the checking account, but could "theoretically" limit transactions at some point in the future (it used to be limited to 6 before REG D was removed).
I've been thinking about opening the second account so that I can have an account to quickly move excess funds to that I won't need for ~30-60 days. I do have a Vanguard Cash Plus account as well as a Vanguard Brokerage account but sometimes the complexity of the external ACH transfer is not worth it, plus it'd be nice to have "immediate funds" to transfer into my primary checking in the event of an emergency.
At the same time, I like the idea and simplicity of one account. Curious what others do.
Statistics: Posted by manlymatt83 — Thu Aug 08, 2024 3:05 pm — Replies 0 — Views 17