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Old 09-11-2015, 10:20 PM   #41
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One Brokerage with 5 separate accounts there: ( 3 IRA's, 1 taxable, 1 cash)
One Credit Union: Pen Fed, 5 CD's in separate accounts
Two Banks with 4 separate accounts (3 MMA's 1 Monthly Checking), 2 CD's

Also Daughters account with my name on them as I move stuff around for her:
Scottrade: Her Roth IRA
Two Banks: 3 accounts and 3 CD's
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Old 09-12-2015, 03:01 PM   #42
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I try to keep things fairly simple but now that you made me look....

2 checking and 1 savings (.05%) at local brick and mortar bank. We use cash for anything that is not bought online or paid automatically so we need a local bank.
1 checking and 2 savings (.95%) at DiscoverBank. I opened the checking because of a $75 promo last year.
1 Vanguard Roth IRA account.
CapitalOne (used to be ING) checking and savings. I used to use these but haven't in a few years.
Multiple CDs with PenFed, some are Roth IRA, some not.
1 HSA account.

These are temporary -
1 checking at Chase because of a $300 promo in May (make one direct deposit and then leave $1500 in checking for 6 mo)
1 checking and 1 savings at another local brick and mortar because of a $250 promo in June (must leave open for 6 mo)

The accounts associated with the bank promo bonus deals will be closed once the promo period is over, except for the DiscoverBank checking because I use it to pay our property taxes out of one of the savings accounts.
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Old 09-12-2015, 05:47 PM   #43
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Sooo many - Probably way too many.
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Old 09-12-2015, 08:06 PM   #44
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Credit union (primary bank)
Savings
Checking
Money Market

Ally Bank
Checking
Savings

Vanguard
Brokerage
IRA
Taxable account

I had other accounts but consolidated them a few years ago. I wouldn't mind having a CMA account somewhere, but don't want Wells Fargo or Merrill Lynch. Any ideas where else I can get a CMA. I'm not sure I want to move any money to Fidelity, I see they have one too.
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Old 09-12-2015, 08:26 PM   #45
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I had other accounts but consolidated them a few years ago. I wouldn't mind having a CMA account somewhere, but don't want Wells Fargo or Merrill Lynch. Any ideas where else I can get a CMA. I'm not sure I want to move any money to Fidelity, I see they have one too.
I have Vanguards Advantage CMA, free because I have a bunch of money with them.
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Old 09-12-2015, 09:20 PM   #46
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Thanks grasshopper, I didn't realize they had a CMA. I'll look into it.
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Old 09-13-2015, 02:57 AM   #47
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USB - checking, savings
WF - checking, savings
CU - checking, savings
Vgd - IRA, MM
Fido - brokerage, CMA, 2 Roths, IRA, 401k
Nationwide - 401k

(15 total but expect to reduce this by at least a third in upcoming retirement)


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Old 09-13-2015, 06:36 AM   #48
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2 bank accounts, one for CDs
2 brokerage accounts
treasury direct account (no one here has mentioned this)


I have been struggling to keep this number down for years. This is as low as I want to go.
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Old 09-13-2015, 08:51 AM   #49
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So I guess the conclusion, Frayne, is lots!
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Old 09-13-2015, 10:51 AM   #50
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I don't feel so bad anymore for having nine. During the recent dip, I converted the remainder of a small tIRA into my existing Roth, and a combination of DW's two rollover IRAs is in progress. After ER I left my 401k in place in case I need to tap it before 59.5, and for its legal protections. We are keeping DW's former 403b for its stable value fund, but will probably roll her current 401k into an existing account after she ERs next year.
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Old 09-13-2015, 11:05 AM   #51
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Quote:
Originally Posted by frayne View Post
Just out of curiosity how many different bank/brokerage accounts do you have ?....
More than we really need... 15 in total

Credit union where we used to live (25 miles away from where we live now)- joint savings and checking and my savings
Bank where we used to live - her savings
Local bank where we live now - joint savings (to deposit checks and spending money)
Discover Bank - cash allocation
Vanguard - joint and separate taxable accounts, my tIRA, separate Roths
HSA Administrators - separate HSAs
PenFed - savings and my tIRA

But... 11 of the 15 are inactive and have no or only a couple transactions over the course of a year and 4 we actively use regularly.

Nonetheless, I should consolidate some of these.
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Old 09-13-2015, 11:12 AM   #52
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Sooo many - Probably way too many.

6 bank accounts 2 of them for CD
3 brokerage accounts (consolidating now to 2)


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Old 09-14-2015, 08:49 AM   #53
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4 brokerage houses
1 bank
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Old 09-14-2015, 08:57 AM   #54
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So I guess the conclusion, Frayne, is lots!
Yes, I guess so. My next question was going to be how are your accounts set up in the event of your untimely demise. Just about everything I have is POD to a beneficiary in order to keep it simple.
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Old 09-14-2015, 08:57 AM   #55
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My next question was going to be how are your accounts set up in the event of your untimely demise. Just about everything I have is POD to a beneficiary in order to keep it simple.
Same here.
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Old 09-14-2015, 09:01 AM   #56
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Just out of curiosity how many different bank/brokerage accounts do you have ?

I have three, Fido, Vanguard and a local bank savings/checking account.
Exact same here.
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Old 09-14-2015, 09:49 AM   #57
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Local Credit Union
2 checking
2 savings
2 MM
1 mortgage
1 HELOC

Local Bank (thru work until Dec then a CU with link to Ameritrade)
1 HSA

Vanguard
2 tIRA
2 Roth IRA
2 Brokerage
1 Taxable Investments

2 other fund families for small Roth IRA accounts (may be consolidated to Vanguard)

Vermont 529 for grandkids

E*Trade for one stock and a couple of taxable mutual funds

Ally Bank
1 MM
1 savings

Schwab (will be moved to Vanguard after December)
1 403(b)

This is greatly consolidated from where it was a couple years ago. Probably still too complicated for DW. Need to work on a plan for management if I get hit by a truck.
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Old 09-14-2015, 10:09 AM   #58
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Join Date: Mar 2013
Location: Limerick
Posts: 1,668
USAA for:
Brokerage
Checking (3)
Savings (3)
Roth IRA (2)
Credit Cards (3)

PenFed for:
CDs (4)
Checking (minimal)
Savings (Minimal)
Credit Card (2)

Bank of America:
Credit card

Voya for:
401k

Fidelity for:
401k
Options from DW's work

Synchrony Bank for:
Savings
CDs (2)

GE Capital Retail Bank (soon to be Goldman Sacks):
Savings

We keep our cash spread among different banks to keep it under the FDIC limits. We can see all accounts on our USAA home page except for the 401k accounts, so keeping track of things isn't difficult. USAA is used for most of our daily transactions.
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Old 09-14-2015, 12:01 PM   #59
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*1 bank for checking (bills)/savings (house-car maintenance)
*1 brokerage for Roth IRA, taxable investments, money market (emergency fund & annual expenses-prop tax, HOA etc)
*1 credit union for car & vacation saving
*1 TSP (to be accessed when I'm 70.5)
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Old 09-14-2015, 08:50 PM   #60
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I was reading about these big total numbers of accounts and thought "Oh, my situation can't be as bad". Oh yeah?

20! Thanks mostly to our wonderful laws of the land!

Credit Union - 3 (billpay here)
Megabank - 2 (mostly for spouse)
Random Bank - 1 (me chasing a rate)
Brokerage1 - 7 (IRA, Roth, 529s, taxable plus spouse's)
Brokerage2 - 1
OneGameInTown - 1
Megacorp 401k - 2 (regular & brokerage)
HSA CU - 3 (savings, checking & brokerage)
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