Originally Posted by
Midwest Player
Nay, that's nothing. Here is something to rattle your feathers. In fact, it is starting to rattle mine.
I might of mentioned this before. I have two checking accounts. One is used just for my gambling transactions, and the other is my personal checking account used for everything but gambling. At the end of last year, I had over $50,000 in each of them earning just 0.02% interest. In the past, I didn't care much because all short term investments were paying zip. However, that is no longer the case. At Schwab a one year CD now pays over 5%, and a money market account pays around 4.5%. I still have a lot in my two checking accounts earning just about zip. I did move some out of my gambling account at the start of the year, and I will be moving more out soon. I still don't know what is a good amount to keep in my checking account. I want to always have at least enough for 6 months living expenses.
Bookmarks