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Updated almost 5 years ago on . Most recent reply

User Stats

17
Posts
1
Votes
Savon Moniz
  • Rental Property Investor
  • Eagle Mountain
1
Votes |
17
Posts

Suggestions for who to bank with for my REI checking/savings?

Savon Moniz
  • Rental Property Investor
  • Eagle Mountain
Posted

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.

Most Popular Reply

User Stats

15
Posts
4
Votes
Anne Nguyen
  • Investor
4
Votes |
15
Posts
Anne Nguyen
  • Investor
Replied

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

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