Since saving accounts like sofi give like 4.6% instead of 0 on checking (I do realize some banks still enforce the 6-transaction limit rule, however, lots of banks also no longer do). Why do I realistic need a checking account when I can just bank primarily with the saving and get the interest as well.
Thank you in advance guys/gals!
In: Economics
this isn’t a very technical reason, but I find having a chequing account seperate from my savings account makes it a lot easier psychologically to save money. After a while you start to forget that the money in your savings is even yours and the thought of withdrawing from it is almost painful.
Latest Answers