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@OnTheRebound wrote:My CU allows six withdrawals per statement period. I don't intend to use this savings account like a checking account. That would be silly. Why bother with a savings account if you are going to continually withdraw from it. I have a checking account at another CU for monthly expenses. I don't anticipate making making more than six withdrawals per year...maybe. I don't always have to dip into my savings for extra expenses but sometimes things get tight. I just thought this would be a convenient payment method for emergencies.
Good idea, IMO.
@Anonymous wrote:
@OnTheRebound wrote:My CU allows six withdrawals per statement period. I don't intend to use this savings account like a checking account. That would be silly. Why bother with a savings account if you are going to continually withdraw from it. I have a checking account at another CU for monthly expenses. I don't anticipate making making more than six withdrawals per year...maybe. I don't always have to dip into my savings for extra expenses but sometimes things get tight. I just thought this would be a convenient payment method for emergencies.
Good idea, IMO.
Thats how I think of savings accounts.