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New Experience--Earning Interest

March 10th, 2007 at 09:51 am

I took what was left of the house sale money and put it in an eloan.com savings account. It feels great to be earning interest rather than paying it. But I am very concerned about our savings getting drained because business has been slow, medical insurance premiums went up again, and other expenses have popped up.

When I no longer had a mortgage, the bank started charging my checking account $15/month because I no longer had bundled services with them. With other things going on, it took me two months of getting charged this fee before I did something about it. Now I have a $5/month basic checking account. So $120/year saved there.

Posted in Uncategorized | 3 Comments »

3 Responses to “New Experience--Earning Interest”

  1. Ima saver Says:
    March 10th, 2007 at 09:56 am

    It is good that you saved money by switching, but I have never had to pay anything to have a checking account.
    Yes, it does feel good to earn interest instead of paying it out everyday.

  2. Aleta Says:
    March 10th, 2007 at 10:26 am

    It becomes a great feeling when you become the lender. Most people never think of it that way.

  3. Frayed Buckeye Card Says:
    March 10th, 2007 at 11:48 am

    Are you sure there isn't an account the bank has that you would qualify at no charge to you? It certainly seems as if there should be one available with the minimum of deposit. Good luck.

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