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Updated almost 5 years ago on . Most recent reply
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Suggestions for who to bank with for my REI checking/savings?
Having earned some money now from deals I'm wanting to bank my REI earnings separately from my day job to both track my earning/spending but also maximize my return from cash I earn. I currently use a credit union for my normal banking, but do any investors have any tips about setting up a bank account for a business and/or REI earnings?
The two options I have considered, are high yield online savings accounts (found some with 1.6%-2.3% APY) OR bank with an E*Trade account or something similar to double dip, and have my money in an account with higher interest returns and easy investing/trading options. But I will follow any veteran direction.
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I use barclays saving account online. It has 2% return so it is fluid enough to take out if I need to but higher than a traditional brick bank. Hope this helps