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Have any of you have more than one saving accounts? Would you sometimes move your savings to a better account with good rates and access? Would it be a problem to do this regularly?
No best answer has yet been selected by jean88. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I have quite a few savings accounts with various financial instituions. Granted, most of them have no money in - that's becasue I move my dosh to accounts that offer better interest and can't be bothered to close the old accounts.
It's no bother whatsoever, just open a new savings account with whoever is offering the best interest rate at the time and then transfer the funds from your old account via internet or telephone banking - simple!
Thanks Sammy Snake. Via telephone banking and internet? I havent got telephone banking or internet set up with my accounts but is there a limit of how much u can tranfer? Maybe I can do it in bits. Do they charge a fee for transfer?
I wouldnt go cashing a large amount of cash, maybe a cheque to myself so I can pay it in.