Where do you keep your savings?

irwin · 05-02-2006, 06:24 PM

Where do you guys keep most of your savings and why?

I'm currently in the process of moving my funds from ING to Citi (4.15% --> 4.5%).

Itsme · 05-02-2006, 07:19 PM

I keep almost all of my money in mutual funds via my broker (Edward Jones). I am retired and want "preservation of capital", with maybe a little growth. For me I make a higher percentage of return than the institutions you listed.

Yes, I believe the stock market is cyclical and some day (when?) it will turn down. But I am in funds that ellow me to move back and forth from one fund in the family to another without any fees so believe I am also protected when stocks go down and I may need to be in bonds, or something else.

sourdough · 05-02-2006, 07:54 PM

Savings?

cheapie · 05-02-2006, 07:57 PM

in a lock box

brainsmile · 05-02-2006, 08:07 PM

with my undies

kimchicowboy · 05-02-2006, 08:14 PM

isn't HSBC up to 4.5%?

IrishSS · 05-02-2006, 08:51 PM

Quote:

Originally Posted by passwird

Where do you guys keep most of your savings and why?

I'm currently in the process of moving my funds from ING to Citi (4.15% --> 4.5%).

Hmm, I may have to do the same.

cheapie · 05-02-2006, 08:56 PM

is there an interest rate calculator anywhere that calculates how much the rate difference would make?

RIVERWIDOW · 05-02-2006, 10:37 PM

Money market account

Merlin · 05-03-2006, 06:04 AM

I keep most of it in my brokerage account at Scottsdale Securities. The cash rate is not very competitive but I try and keep most of my funds fully invested in equities. I really don't like money sitting around as cash in any account.

Jeffbx · 05-03-2006, 06:58 AM

Savings go into my credit union account.

Investments go to my Smith Barney brokerage account

johnnymk · 05-03-2006, 07:35 AM

Quote:

Originally Posted by cheapie

is there an interest rate calculator anywhere that calculates how much the rate difference would make?

This may help: http://www.nfcu.org/calcs/index.html

Sirrich3 · 05-03-2006, 08:57 AM

Savings?....hmmm.....here, there?

attgig · 05-03-2006, 02:35 PM

i have 1/2 in hsbc and 1/2 in emigrant

KIISQueen · 05-03-2006, 02:39 PM

In a safe at home

Markel · 05-03-2006, 02:54 PM

How come "Stuffed in the mattress" isn't one of the options?

Thesifer · 05-03-2006, 06:17 PM

I keep mine in ING.. I decided not to do all of that moving around junk.. just wastes my time.

cheapie · 05-04-2006, 07:21 AM

Quote:

Originally Posted by johnnymk

This may help: http://www.nfcu.org/calcs/index.html

thanks!!!

ray · 05-04-2006, 10:25 AM

my savings go into HSBC

Kevster · 05-05-2006, 02:42 PM

I currently have my cash savings in my broker account. Their money market fund has a good return (4.25%) right now, and I keep my money there between equity positions.

redcolours · 05-05-2006, 03:58 PM

i dont have "savings" per se.

i use my company's employee stock purchase plan, where i designate a portion of my salary per paycheck towards purchasing our company stock at a 15% discount. I max it out. i let it sit there til i need it, and then just sell stocks when i need em. When i sell them, the company lets me sell it at FULL price.
if the stock price stay the same, i make a good chunk of change. if the stock goes up, then i make a HELLUVA chunk of change. If it goes down, bah! i'd keep it in there. On the average my company does very well in the market, so im not worried.
since i treat it as a savings account, i dont really need to touch it.

but that plasma screen is calling on me.....

Aristo · 05-14-2006, 10:36 AM

HSBC for me. I have the online saving and checking accounts with them. If I want quick cash, I just write the check to myself and cash it at Wamu (I do keep a min balance with B&M bank).

bachviet · 05-14-2006, 10:54 PM

ING Direct

cheapie · 05-14-2006, 11:12 PM

which i believe is up to 4.3%

View Poll Results: Where do you keep the majority of your savings?
ING Direct	11	50.00%
Emigrant Direct	2	9.09%
HSBC Direct	2	9.09%
Citi e-Savings	1	4.55%
Other online option	2	9.09%
brick & mortar bank with a weak return rate	2	9.09%
brick & mortar bank with a competitive rate	2	9.09%
Voters: 22. You may not vote on this poll

05-02-2006, 06:24 PM	#1
irwin Vice Admiral Join Date: Dec 2000 Location: ohi Posts: 4,525	Where do you keep your savings? Where do you guys keep most of your savings and why? I'm currently in the process of moving my funds from ING to Citi (4.15% --> 4.5%). Last edited by irwin : 05-02-2006 at 06:28 PM.

05-02-2006, 07:54 PM	#3
sourdough Tasty Lieutenant Join Date: Mar 2003 Location: oven Posts: 414	Savings? __________________ I'm the greatest thing since french bread. Want some superior yeast cultures? Try Carl's Starter!

05-02-2006, 07:57 PM	#4
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	in a lock box __________________ 70% of the world is covered by water. The rest is covered by Bob Sanders

05-02-2006, 08:07 PM	#5
brainsmile Chief of Naval Operations Join Date: Jun 2000 Location: woah... why is welfareloser here with me so early in the morning and more importantly why am I wearing her clothes?!? Posts: 13,754	with my undies __________________ ********************************** DCM #1 (Founder) "Nobody beats Vitus Gerulaitis 18 times in a row." - Vitus Gerulaitis on beating Jimmy Connors after 17 failed attempts.

05-02-2006, 07:19 PM	#2
Itsme Vice Admiral Join Date: Aug 2004 Location: Southern California Posts: 4,813	I keep almost all of my money in mutual funds via my broker (Edward Jones). I am retired and want "preservation of capital", with maybe a little growth. For me I make a higher percentage of return than the institutions you listed. Yes, I believe the stock market is cyclical and some day (when?) it will turn down. But I am in funds that ellow me to move back and forth from one fund in the family to another without any fees so believe I am also protected when stocks go down and I may need to be in bonds, or something else.

05-02-2006, 08:14 PM	#6
kimchicowboy Admiral Join Date: May 2000 Location: in the middle of the pacific ocean Posts: 5,344	isn't HSBC up to 4.5%? __________________ "I pick my nose too but never eat it." - bachviet, 3/30/04 if anyone wants to go scuba diving in oahu or wants to learn who to scuba dive in oahu, PM me.

05-02-2006, 08:56 PM	#8
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	is there an interest rate calculator anywhere that calculates how much the rate difference would make?

05-02-2006, 10:37 PM	#9
RIVERWIDOW Commander Join Date: Dec 2004 Location: Land of fruits and nuts Posts: 1,124	Money market account __________________ My grandkids are cuter than yours ! Rock on Chargers ! Lets go Padres !! All the way in 2009

05-03-2006, 06:04 AM	#10
Merlin Admiral Join Date: Dec 2001 Location: Square On My Arse Posts: 7,410	I keep most of it in my brokerage account at Scottsdale Securities. The cash rate is not very competitive but I try and keep most of my funds fully invested in equities. I really don't like money sitting around as cash in any account. __________________

05-03-2006, 06:58 AM	#11
Jeffbx Fleet Admiral Join Date: Mar 2000 Location: Michigan Posts: 9,390	Savings go into my credit union account. Investments go to my Smith Barney brokerage account

05-03-2006, 08:57 AM	#13
Sirrich3 Rear Admiral Upper Half Join Date: Aug 2005 Location: In Sunny Southern California Posts: 3,950	Savings?....hmmm.....here, there? __________________

05-03-2006, 02:35 PM	#14
attgig Chief of Naval Operations Join Date: Jun 2000 Location: the burbs of baltimore Posts: 11,924	i have 1/2 in hsbc and 1/2 in emigrant __________________

05-03-2006, 02:39 PM	#15
KIISQueen Rear Admiral Upper Half Join Date: Aug 2005 Posts: 3,985	In a safe at home

05-03-2006, 02:54 PM	#16
Markel Chief of Naval Operations Join Date: Feb 2001 Posts: 11,733	How come "Stuffed in the mattress" isn't one of the options? __________________ stay low... keep moving...

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05-03-2006, 06:17 PM	#17
Thesifer Vice Admiral Join Date: Jun 2003 Location: Oklahoma Posts: 4,338	I keep mine in ING.. I decided not to do all of that moving around junk.. just wastes my time. __________________

05-04-2006, 10:25 AM	#19
ray captain awesome Join Date: Jan 2003 Posts: 7,054	my savings go into HSBC

05-05-2006, 02:42 PM	#20
Kevster Admiral Join Date: Jan 2002 Location: NorCal Posts: 6,124	I currently have my cash savings in my broker account. Their money market fund has a good return (4.25%) right now, and I keep my money there between equity positions. __________________ I think over again My small adventures, my fears. The small ones that seemed so big, For all the vital things I had to get and to reach. And yet there is only one great thing, the only thing: To live to see the great day that dawns, And the light that fills the world. -old Inuit song

05-05-2006, 03:58 PM	#21
redcolours in living colour Join Date: Sep 2001 Location: above a raging c Posts: 1,739	i dont have "savings" per se. i use my company's employee stock purchase plan, where i designate a portion of my salary per paycheck towards purchasing our company stock at a 15% discount. I max it out. i let it sit there til i need it, and then just sell stocks when i need em. When i sell them, the company lets me sell it at FULL price. if the stock price stay the same, i make a good chunk of change. if the stock goes up, then i make a HELLUVA chunk of change. If it goes down, bah! i'd keep it in there. On the average my company does very well in the market, so im not worried. since i treat it as a savings account, i dont really need to touch it. but that plasma screen is calling on me..... __________________ there are pictures, but no,nothing happens on my site.

05-14-2006, 10:36 AM	#22
Aristo Rear Admiral Lower Half Join Date: Jun 2000 Location: Los Angeles, CA Posts: 2,581	HSBC for me. I have the online saving and checking accounts with them. If I want quick cash, I just write the check to myself and cash it at Wamu (I do keep a min balance with B&M bank).

05-14-2006, 10:54 PM	#23
bachviet What's Da Pho*? Join Date: Aug 2001 Location: SoCal (714) Posts: 13,296	ING Direct __________________ Dell Dimension 9200 \| Intel Core 2 Quad Q6600 (2.4GHz) \| 4x1GB DDR2 \| 256MB nVidia GeForce 8800GT Dell Studio 17 \| Intel Core i7-720QM (1.6GHz) \| 2x2GB DDR3 1066MHz \| 1GHz ATI Mobility Radeon HD 4650 Intel P4-C 3.0GHz \| ECS 865PE-A \| 3x512MB PC3200 \| 128MB PNY GeForce 6600GT

05-14-2006, 11:12 PM	#24
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	which i believe is up to 4.3%

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