The Money Mustache Community

Learning, Sharing, and Teaching => Investor Alley => Topic started by: TheFirstMan on August 26, 2015, 06:14:41 PM

Title: Any experience with MySavings Direct?
Post by: TheFirstMan on August 26, 2015, 06:14:41 PM

Mentioned on Nerdwallet and here: http://www.magnifymoney.com/blog/earning-interest/best-online-savings-accounts275921001

I'm wondering how much of a hassle they are to deal with, get a big chunk of money to/from them from my normal bank...

Title: Re: Any experience with MySavings Direct?
Post by: index on August 26, 2015, 09:21:03 PM

I looked into it. It's not a very modern bank. Their website looks like something out of 1998. You're better off just using ally. 1% vs 1.25%. So $25 on 10k and you get a modern interface and access to higher yielding CD's.

Title: Re: Any experience with MySavings Direct?
Post by: TheFirstMan on August 28, 2015, 09:55:52 AM

Thanks.