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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
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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?

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Old 04-07-2011, 03:52 PM   #2
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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...

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Old 04-07-2011, 04:04 PM   #3
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...only if the additional ~$100 in interest income is worth anything to you.
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Old 04-07-2011, 08:58 PM   #4
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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.
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