Monday, April 18, 2016

Saving Stuff

Bank of America
  1. Government insures money up to $500k
  2. Interest on your money
  3. Low monthly fee of 5$
Cons:
  1. Only 0.01% APY
  2. Not many cons

Telco Community Credit Union
Pros:
  1. 0.40% APR
Cons:
  1. Restriction: 6 waithdrawlas per month

Ally bank
  1. 1% APY
  2. No monthly fees
  3. Remote deposit of checks
  4. Money is insured
  5. Daily compounded interest
Cons:
  1. Limit of 6 transactions per cycle
  2. Account can be overdrafted

U.S. Treasury
Pros:
  1. 1.64% APR
Cons:
  1. Penalty if you cash in in the first 5 year

My Goal:
All three of the goals on my card were trips to different location in the world. Wherever you go you are probably not going to spend more than $15,000. If I had $1,000 to save today I would use Ally bank. Their bank has the highest interest rate and there isn't any monthly fees so I think I would be making the most from using Ally bank.

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