I just released Episode 5 of the Teaching You To Fisch podcast. This episode discusses one of the basic “infrastructure” decisions you need to make, where to have your checking (spending) and savings accounts, and how many people are not making the optimal choices. Slides Transcript It's available on Spotify, Apple Podcasts, and YouTube, and … Continue reading Podcast Episode 5: Bank Accounts
Tag: checking
Switch Your Checking Account to Ally Bank and Get $100
I've written previously about why I think most folks need to look at their checking and savings accounts at their existing bank/credit union. For most people I talk with this about, it's a fairly easy sell to get them to switch their savings account to a high-yield savings account at some place like Ally (currently … Continue reading Switch Your Checking Account to Ally Bank and Get $100
Fidelity: One Account to Rule Them All (including checking and savings)?
Update 6-25-24: I originally posted this in August of 2023. At that time, the Cash Management Account (CMA) at Fidelity only allowed you to put your "core position" in an FDIC-insured bank account that was paying around 2.7%. Since Fidelity's brokerage account's core position was a Money Market paying around 4.9%, that was my recommendation. … Continue reading Fidelity: One Account to Rule Them All (including checking and savings)?

