Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
JPMorgan Chase bank worth keeping?
Old 04-13-2008, 07:41 PM   #1
Recycles dryer sheets
Keyboard Ninja's Avatar
 
Join Date: Apr 2008
Posts: 137
This question popped into my head, and I'm not sure what to do:

I have multiple bank accounts:

Chase: Had it since it was Bank One. Longest standing account. My pay gets deposited in there, and I do all my billpay stuff from it.
USAA: First bank account after I got into the military. They seem nice.
ETRADE: Highest interest rate in both checking and savings
Bank of America: My folks have it and it is faster to transfer money from my BOA to their BOA (and vice versa )
Navy Federal Credit Union: Never had one before so I figured I'd open one up. It is also my local bank while I am on Okinawa.

I'm not sure if I want to ax the JPMorgan Chase account. I'm still reading and doing research, but I'm probably going to move my investments from JPMorgan Chase to Fidelity, ETrade, or Vanguard (haven't decided yet, but leaning towards Fidelity right now). That leaves just my checking and savings at Chase. I'm not sure if I really need the bank anymore, but I really do like the familiarity I have with their account transfer, and billpay system.

Would it be worth it to keep it around? I was thinking I should just move all my cash to the ETrade accounts to continue earning more interest (0.5% vs. 3.25%), but I'm not sure if leaving a bank that I've been with is such a good idea. Is there such a thing as customer loyalty for those that have been with the same bank for several years? Or does that only exist at small banks and credit unions?
__________________
- Active Duty USAF since 2006
- Reading is my biggest problem because my eyes jump all over the pages, and I think about a million things at once.
- I think I am a pretty good multi-tasker but sometimes that also gets me no where.
- Study PDG, Study SKT, Study AFOQT
- My TSP account as of Jan2009: -25% :(
Keyboard Ninja is offline   Reply With Quote
 


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
CHASE Banks Giving Away Money OAG FIRE and Money 25 07-16-2007 10:19 AM
Undergrad Decision. PLEASE HELP (GE- CFS, JPMorgan, ABNAMRO) yamasho Young Dreamers 17 12-13-2006 11:26 AM
Chase Financial Advisor getoutearly FIRE and Money 7 10-16-2006 10:30 AM
Hacked bank server hosts phishing sites -Heads Up for Chase and Ebay poboy FIRE and Money 6 03-14-2006 06:22 PM
Hi, I am Chase and 20 years old. Chase Hi, I am... 21 01-13-2006 08:33 AM


Other Social Knowledge forum communities:
Cooking Forum - Sailing Forum - Early Retirement - Airstream Trailer - Aquarium Forum - Royal Forum - Book Forum - Volkswagen Touareg Forum - Jeep Wrangler Forum - Whitewater Kayaking & Rafting Forum - Fiberglass RV Forum - RV Forum - Truck Conversion - U2 Music Forum
Investing Channel
All times are GMT -6. The time now is 08:29 AM.
Powered by vBadvanced CMPS v3.0.1
Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.3.0