Related Posts
Tattoo removal recommendations?
Additional Posts in Personal Investment Chatter
Is BRK-B a buy right now?
What are some good stocks to buy today?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
🖐 8yrs worth of BOA savings interest times 100 in first month 👀🤓
Don’t all savings account have a limit of 6 withdrawals per month?
I do. It’s great. No check writing but I’ve never needed that so it’s a nonissue. You can electronically transfer funds to any other bank account. No fees (that’s I’m aware of). These are all things found in their FAQ 🙂
Positive
Yep. Good good. Great rate. Good for a saving account that you don’t need to access all the time since it doesn’t link (or at least didn’t) to quicken etc
M1 - Can we transfer funds between Marcus and BofA accounts? Does Marcus charge fees?
I've had them for 6months and their rate has increased from 1.75 to 2.05. Obviously part of that is market aligned but hard to complain when your apr goes up 5 basis points every month
No fees, just takes time to reflect. A couple of days.
Thanks A1. I’ll take a look at their FAQ section. I’m wondering why I even have a savings account with BofA. Their interest is minuscule.
@EY: Saving bank interest rates are always minimal with traditional banks. Yet, people keep it for emergency funds and also because one can withdraw from it any number of times (and instantly). With accounts like Marcus, guess there is some restriction on #of times one can withdraw in a given period
No regrets
Yes. It has gone from 1.8% to 2.05% apr in the last year. Pays interest monthly. Easy UI online. Only challenge is no ATMs or cards. Must transfer money to another account to use it