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How many Accounts or banking instiutions do you have???

March 29th, 2009 at 04:54 am

Just curious I find it much harder to keep my savings and Checking account in the same bank. I don't know if its a mental thing I see the money and want to spend spend spend or just what exactly it is. Is it feasable to have multiple savings accounts for different purposes or what.

13 Responses to “How many Accounts or banking instiutions do you have???”

  1. lizajane Says:

    I have my checking a/c at one bank, and then just online savings accounts. That seems to work for me, but I'm more of a "hate to spend it" rather than a "see it, spend it" kind of person.

  2. M E 2 Says:

    My checking account and (one of) my saving accounts are in separate local banks.

    In addition, I have three (3) separate online saving accounts.

  3. L Saver Says:

    I'm like lizajane -- I have one checking account at a local bank, and then 3-4 savings accounts at ING online. Then I can transfer $$$ to savings from the comfort of my own home.

  4. disneysteve Says:

    We have our checking account at a regular bank (not online). All other accounts are online - money markets, brokerages, mutual fund companies, etc.

  5. Thrifty Ray Says:

    We use our Credit union and ING.

  6. Ima saver Says:

    I have a local bank that pays 3.1% on checking, so I have a business checking, a personal checking and a savings checking. Then I have 4 c.d.'s at different banks that pay more. (My emergency fund)

  7. monkeymama Says:

    I would much prefer to keep my money in one place (hate to spend it type) but I do spread it out for cost effectiveness/returns, etc. As well as just diverstiy (important I believe, with recent bank failures).

    I have a savings account (keep $1k) and free checking account at my CU. There are no fees for checking, ATM, savings, etc. But the interest rate is usually not great. So though I pay all my bills through there, I run my checking to $0 and just try to keep $1k for "emergency."

    The rest of our savings is in high yield online bank accounts, and CDs. Right now I have 2 financial institutions - usually I have 2-3. Sometimes I can get a great CD rate at my CU. IT just depends.

  8. whitestripe Says:

    i have a main bank account that my personal loan is attached to, which also has a net-bank account attached to it as well. (all of these will soon be closed).
    i have three online savings accounts (two ING and one bankwest).
    then i have two credit cards (one of which I am thinking of closing - the other is fee-free so I won't bother).
    then we now have another net-banking saver account and a main account with our new bank, which our mortgage is linked to. which also has two credit cards and a debit card linked to that!

    But I am like you, i like to have things separated so I can see what I have money for. It will take some getting used to with having everything combined, but I am going to make it work.

  9. creditcardfree Says:

    All our banks are online. We have a money market account at one because the rates were higher(and still are). We have two checking accounts at the same bank. One is for our freedom/escrow account. Works for us...we don't dip into other accounts unless absolutely necessary.

  10. smiley2009 Says:

    Thanks Guys!!!

  11. baselle Says:

    These days it pays to have several bank accounts, if you can keep track of them. I also have an ING online account - since you can get at the money in 3-4 days, its enough of a deterrent for splurge spending, but good for true emergencies.

  12. crazyliblady Says:

    Before I was married, I was a regular horder. I could horde money like crazy and never spend it. We eventually got joint checking and he sometimes forgot to tell me about checks and debits he made, which was frustrating and stressful. I won't say he has actually drained our account all on his own, but he makes poor financial moves that have caused me to become financially poor. I hate to say it, but 4 years ago, I got a separate checking and savings accounts from him. My savings account is at a credit union and the checking is at a regular bank. I have had to put my foot down on spending several times in the last few years. He didn't like it, but we are in no worse condition because of it.

  13. Tech Support for Lenovo Says:

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