Join Early Retirement Today
Thread Tools Search this Thread Display Modes
should i even open up a online high interest savings account if i only have $5,000?
Old 04-07-2011, 03:09 PM   #1
Recycles dryer sheets
Join Date: Jul 2010
Posts: 51
should i even open up a online high interest savings account if i only have $5,000?

is it even worth it right now to open up a online high interest savings account if i only have $5,000? should i just keep it in the credit union for now?

dooo42 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-07-2011, 03:52 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 11,466
Heck, I have one and right now it only has about $1,000...

Income is income... very little work to get money moved... only move money I know will not be used anytime soon...

Texas Proud is online now   Reply With Quote
Old 04-07-2011, 04:04 PM   #3
gone traveling
Join Date: May 2008
Posts: 3,864
...only if the additional ~$100 in interest income is worth anything to you.
Westernskies is offline   Reply With Quote
Old 04-07-2011, 08:58 PM   #4
Recycles dryer sheets
OrcasIslandBound's Avatar
Join Date: Mar 2010
Location: Poway, CA
Posts: 429
No, buy $5000 worth of GE stock. Or pick another. Lots to choose from.
Or buy $2500 of "BND" and $2500 of "VTI". This last method will be quite conservative 50% total bond fund by Vanguard and 50% total stock fund (index) also by vanguard. Very safe, never goes down.
OrcasIslandBound 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

Similar Threads
Thread Thread Starter Forum Replies Last Post
2% Savings Account up to $20,000 Sue J FIRE and Money 1 12-06-2010 08:24 PM
High Interest Sasvings Account? laurinsane FIRE and Money 17 02-01-2008 04:46 PM
Which Online Savings Account? dougie790 FIRE and Money 5 01-17-2008 05:59 PM
Yet another online savings account over 5% - Etrade Complete Savings maddythebeagle FIRE and Money 0 11-28-2006 12:53 PM
High interest saving account? Scout Hi, I am... 19 10-31-2006 07:04 AM


All times are GMT -6. The time now is 11:51 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.