I have 3 savings accounts. 1 with HSBC, and 2 with ING. I don't really have any reason for having them all seperate, I'm sure at one point I had some sort of a reason. LOL

I'm debating on whether or not I should just take all my money and put it into one account.

Do they all have the same APY? If not, then do you at least have most of your funds in the highest interest bearing account?

Personally, I only have one savings account through Etrade. Used to be 5.05%APY before the fed cuts. I think it's somewhere around 4.7% now (I need to check on that).

Yeah, they're all the same APY.

Let's see...I have 2 with ING, 1 each with Patelco and USAA.

I like having the ability to have multiple "subaccounts" at ING, so I think I will keep things that way.

I'd say that I see no harm in keeping things the way they are.

Right now 3 total:

* 1 with my CU that serves as an overdraft account and an "emergency cash" account (if for some dire reason I need to hit the ATM immediately).
* 1 with ING for a new computer
* 1 with Emigrant for exam fees, exam prep, interview fees, and application fees for grad school

Soon I'll open more:

* My emergency fund needs a home so I'll open an account at etrade or FNBO soon.
* I should open one to save up for "engagement ring/wedding/honeymoon" expenses.
* Open another for house down payment fund
* Open another for vacation fund.

I'm a poor student though, so wishful thinking.


I just really like the idea of keeping goals separate so I don't get the urge to raid one account. This helps me go "No, don't touch that money! It's for ____!"

Also, if my emergency fund isn't big enough (if an emergency comes up like a car repair), I can borrow from myself from other accounts and make a note in Excel.

ING is the most user friendly. I can't stand HSBC's online system.

emigrant, ing (with $11 in it LOL ), hsbcdirect, local CU, NASA, Patelco, USAA, etc.

3 - 1 each with ING, HSBC, and a local CU. The CU account has the bare minimum of $5 in it, though - they don't pay any interest.

I have two...one at BOA that I can access cash from the atm fast.

The other is ING, where the vast majority of my savings are because of the higher apy. I can't get that money instantly so I like to keep the other one in case of emergency. I've had it four years and never had to use it, but better safe than sorry I guess.

A lot. 10+

Thanks for posting. Reminds me that I need to ditch one of them before they fee me for not enough deposits on their lovely .5% APY

3, not including the kids' savings accounts.

Emigrant, FBNO, BOA, and USAA

Just one.

I have 3

I have one with 6 months of living expenses that I don't touch or add to. It has a 4% interest from Washington Mutual. I have a 2nd savings that I am using to build up a down payment for my first mortgage I will apply for. the third one is for fun, Saving for a vacation, something cool to buy.

Savings:
Emigrant
Citi Ultimate
ING Direct
Village Bank(local)

I keep the majority of my savings at ING. The others I think I have less than $100 in each.

One with ING, we have 47,300 in it. My wife and I have it joint so its protected up to $200k by fdic. Once we get their we will open up another one somewere else.

how low is ING's rate these days?

3%

I've got 5

Citi Ultimate - funds my checking account; liquid savings
Citi e-Savings - accepts my direct deposits, automatically transfers to Citi Ultimate
EmigrantDirect - house deposit fund
ING Direct - emergency fund
NFCU - backup emergency fund if I'm on my last $200

Two. One just has $5 in it...it's the share account at my CU.

The other is HSBC Direct.

Can't figure out why anyone would need more than that.

In a very technical sense I suppose you could consider the cash position in my brokerage account a savings account since I've dipped in to it for certain expenses, such as a laptop.

I have 3 one with BOA, Penfed, and ING.

1 with BOA
1 with USAA (I plan on using it for DD's savins account)
1 with ING
1 with HSBC


So four total?

Then for checking:
1 with BOA
1 with USAA
1 with PenFed
1 with UFCU (but it only has like 1 penny in it. )

I only have two:

Ambroy Direct

BOA


Only one checking here...
BOA

with emigrant now .30% below HSBC I am not putting new money into emigrant, but it may not be worth the lost interest by taking the time to transfer from emigrant to hsbc.

I have 5:

ING - main savings account, although I'll consider moving that if the interest rate keeps dropping.
U1CU - backup for checking account, just a couple hundred dollars
PenFed - $5 share account so we could get the mortgage
Chase - $50, opened with checking account to get $100 and just never closed (in case I need a 'bank' for something)
Frisco CU - couple hundred dollars, used to be primary savings because I had to call during the week to have a check mailed to me, but got a better rate at ING

There isn't enough money anywhere to make that big of a difference if they were combined and I already have relationships established with these places, should I need it in the future. We have been talking about establishing a joint account, so maybe I'll do that with the Chase one.

Main savings right now:
WaMu, 3.30% APY

Others :
FNBO
BoA
Citi (me)
Citi (DH) (we got $100 each for opening the Citi accounts)
Share accounts at four different CUs.

I move $$ around to whoever has the best interest rate, but right now it's WaMu

I'm going to open Alliant as soon as I can get the Nat'l PTA site to accept my application and move everything there. I don't think anyone can beat their interest rate at the moment.

I have 5 savings accounts

Service FCU - For my car loan
First Savings bank of Renton - Small bank, account has been open there for almost 20 years ( I am 26), good rates too.
USAA - Main checking and savings but I dont keep much cash in my savings (>$100)
Boeing Employees CU - Home state CU and great rates, check the site to get the info.
Alliant - Highest APR for all of my savings accounts. (just opened last week)

3 of these account are not even 2 month old yet.

2 CDs so far
BECU
FSB Renton

Just started bonds too



I need more cash though, i dont have enough cash to go around. At least I get a $170/month pay raise on 1 Sept and another $100 a month starting 1 Jan 09 ( US Army here, I hit my 8 year mark Aug 28 and we get a 3.9% raise next year)

I have just one, this HSBC current account. I've been reading up about ISAs as well but I haven't decided which one to go for yet.