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« Money Rules of Thumb | Main | 5 Steps to Early Retirement »

December 04, 2007


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Until recently, I had all my banking with bank of america without knowing that I was receiving really bad savings rate. I took some time to identify a high yield savings account that I was comfortable with and started moving my money into that account.

Saloni's bank rate site seems to be more comprehensive than the link provided in the article.

Interesting article -- I never would have thought of the "separate" part. If discipline is an issue, I can see the wisdom in keeping your savings somewhere else. Otherwise, I'd go more by who will give you the best rate. I completely agree with "automate" -- either choose a flat-rate or a percentage and stick to it.

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