Let's say I have $20k with Ally: $2k in checking and $18k in savings, because I don't want a lot of money being drained if someone gets my debit card.
So I'm considering opening a savings account with Alliant and moving $10k into it, earning the same interest rate. Now my money is spread around, and I can transfer from Alliant to Ally if necessary. I could even open a checking account with Alliant so I have two debit cards.
Is this a better move from a security standpoint? How about from a financial standpoint? The interest is about 2.2% at both banks anyway.
I'd like to hear about anyone's experiences with this. Thanks.
Submitted March 15, 2019 at 09:12AM by User98344389 https://ift.tt/2ubrLLs
