Starting my journey

[localuser]

Maybe at the start of 2015, I can dump some money into a second Money Market account.  Currently our accounts look like this

Me
Checking Account and Money Market account (this draws no interest, it was an account I started in '03 becuase of my job then offered it)

401K account

Wife
Checking Account

Joint
Money Market Account < This is where all of our savings are

[ShanetheMortgageMan]

It's fine to transfer funds from one account to another, just as long as there is a paper trail (bank statements, copies of cancelled checks if you wrote the check to transfer it, etc.).

[localuser]

So is there any benefit of getting in with a credit union?

[ShanetheMortgageMan]

Some credit unions offer low/no down payment options, and many of them service their own loans.  Service can be hit or miss (just like any mortgage lender out there).  I'd compare at least 3-4 different places, one of which would be a credit union, and see who you like the best.

[J_G]

Credit Unions have lots of extra Percs. Better interest on $ in the Bank. Lower interest rates on loans versus ragular bank. Lower overdraft fees Ets. There are many advantages to being part of a Credit Union. For instance my CU Boeing Employment Credit was offering the best interest rates on boat loans awhile back. They are not for profit so you save. They are also more likely to give you a bigger better personal loan then any ragular bank in town! Good Luck

[localuser]

I checked around my local CU's, and none had an interest rate even close to what I'm getting for the amount of money in my savings.  I looked at a few online banks, and will talk it over with my wife.  I really appreciate all the input but, I'll  probably continue what I've been doing, and try to add a second savings ASAP and come back in two years.  Maybe less if I'm lucky