Quote:
Originally Posted by Benzasaurus
That money market rate isn't good enough. My checking account pays 1.24% APY on up to $25,000. There's better rates out there than 1%. |
My local bank in NJ seems to be offering 2 to 2.25%. Problem is that you have to jump through some hoops to get this rate -- 10 check card transactions + one direct deposit per month.
Then again, 2% is pretty tame compared to 7+% that you can get from rental property these days (even with the market up a bit nationally).