I've figured out how to shuffle my money. On April 26th, Charles Schwab created the Investor Checking Account with 4.25% interest, 0 ATM fees (anywhere), and 0 minimum balance. I get money, I get freedom of withdrawal, and I can have any amount in a balance. Awesome. Goodbye Bank of America.
Additionally, my portfolio is moving from $5 / trade Ameritrade Ivest to Wells Fargo, which charges $0 for the first 100 trades (if you have over 25,000 in your combined accounts) in WellsTrade. I'll also keep a free checking account open there, so I can physically deposit checks.
So I'm using a brokerage for my banking and a bank for my brokerage. What's ironic is that Schwab and Wells Fargo were figuring on acquiring more brokerage and banking customers from their respective deals. For those willing to separate accounts, and spend a few minutes applying online, this is the fee free way to keep your money.
Comments
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Very cool feature. Great that this service works on any site not just blogs.
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Hey jason, heading from ryze page..cldnt contact you there..i see you into mac do you develop on mac too?we are into porting ourselves Cheers Adi