Talking to Chuck?

[Anonymous]

Check out this site:

http://www.emoneycentral.com/

I've been following the 6% intro rate (currently at FNBO) for a while now.

Depending on where you live, a lot of banks and credit unions are offering nice returns.

[Anonymous]

anoyone know if opening a checking and savings at BoA will get me a hard or soft hit?

[Anonymous]

I think it's a hard hit, but you can't be soo immensed in FICO scoring that you become afraid of opening up a bank account.    don't worry about it.  seriously

[Anonymous]

well, my credit is tanked right now anyway...... maybe I will take the hit..... that rounding up and adding the change to your savings sure interests me....

[Anonymous]

But, that is rounding up and putting it into a savings account of .(point)5 %, which is awful.  I'm not a fan of debit cards (too much liability) either, so I can't really say I think much of this account.

[Anonymous]

It really is awesome.   I love it,  I receive more in savings than I do my ING because I use my debit card for just about everything.     I still love my ING though   but seriously your savings grows very fast for doing nothing.

I would go ahead and do it.    Bank accounts are a part of life and you shouldn't be scared to open one up because of an inquiry, that's   just silly

here's the link     http://www.bankofamerica.com/deposits/checksave/index.cfm?template=keep_change&adlink=000302027g8500...

[Anonymous]

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fraz wrote:

But, that is rounding up and putting it into a savings account of .(point)5 %, which is awful.  I'm not a fan of debit cards (too much liability) either, so I can't really say I think much of this account.

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If you don't use your debit card than no, this really won't do much.  You're better off with and ING or another high interest savings account.

[Anonymous]

I just read the BOA thing:

"Savings accounts eligible to receive matching funds include Regular Savings, which requires a minimum opening balance of $100 and pays a variable Annual Percentage Yield that was 0.20% as of 06/19/07. This rate may change before the account is opened. Fees could reduce earnings."

That's a horrible interest rate.  And, Boswd, please correct me if I'm wrong, but this is your own money, right, just a forced savings.

If I'm reading the offer correctly, say you charge $5.28 for lunch.  Your checking account would get dinged for $6, and the .72 cents is transferred to your savings account, earning a whopping .2% interest.

I thought it was a bad idea when I was under the impression they were giving you 72 cents, but now that I see that they are not (except for the 3 month promo, and the yearly 5%) giving you that, but just moving it from your checking to savings....awful.

Learn some discipline and open up a savings account that will make you some real money.

Message Edited by fraz on 06-19-2007 02:09 PM

[Anonymous]

using my debit card for everything, cannot remember last time I had CASH in hand. 20 or so times a week if not more. I applied. Just have to wait and see. With as screwed as my credit is right now, 1 more INQ won't hurt. and maybe when I get my scores up being a BoA customer will pull a little extra weight when I apply for a BoA CC. At least I hope so!

[Anonymous]

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fraz wrote:

I just read the BOA thing:

"Savings accounts eligible to receive matching funds include Regular Savings, which requires a minimum opening balance of $100 and pays a variable Annual Percentage Yield that was 0.20% as of 06/19/07. This rate may change before the account is opened. Fees could reduce earnings."

That's a horrible interest rate.  And, Boswd, please correct me if I'm wrong, but this is your own money, right, just a forced savings.

If I'm reading the offer correctly, say you charge $5.28 for lunch.  Your checking account would get dinged for $6, and the .72 cents is transferred to your savings account, earning a whopping .2% interest.

I thought it was a bad idea when I was under the impression they were giving you 72 cents, but now that I see that they are not (except for the 3 month promo, and the yearly 5%) giving you that, but just moving it from your checking to savings....awful.

Learn some discipline and open up a savings account that will make you some real money.

Message Edited by fraz on 06-19-2007 02:09 PM

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I don't think you understand the point.      I have an ING for savings with a high yielding interest for my long term savings and   My day to day banking is through Bank of America.  I use my debit card just about everyday,  I can't remember the last time I went to the ATM.   So why not use the service,  I think it's silly not to.  

Every month I put $100 in my ING  and another $100 in my BoA.   You know what my montly interest earned int he ING  is something like 40 cents which is good comparable to the intereste you would get at a normal bank.    If I make   20 purchases  I can be putting in close to $20.   Yes it's forced savings but who cares, where would that change go anyway?  Into a bucket?  It goes into a savings account.  

that I can use.     I don't see your point.  
 It's a free service.