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Boggles the mind...

October 4th, 2006 at 07:58 am

ING interest does that. I got an email today saying that someone had used a referral (Thanks Jeffery!). I opened an Emigrant Direct account via the Saving Advice link and sent in two referrals, figuring it'd be a while before I saw anything happen there. Imagine my surprise when I checked my email this morning and there was a referral bonus posted.

I checked on the balance of the account because I was curious to see if it had actually posted yet (as opposed to just a notice that I would be getting a bonus) and not only had it posted but I earned $0.50 in interest last month! On just $150! Now I remember why I wait until the first of the next month to do my NetWorthIQ, so I can include the interest earned in my totals.

My Wells Fargo savings account finally went up to $0.02 a month now that I have $160 in there. I can't wait to see the returns on Emigrant.

It's probably silly to some to have three savings accounts but here's how I break it down.

Wells Fargo - Tied directly to my checking, my overdraft protection (they charge less to pull from savings than to cover it themselves), and my immediate OMG I Need Money For This Emergency Now (auto breaks down, etc) needs.

ING - Opened a while ago and have just set up an auto transfer of $10/check that way it's a set it and forget it type thing. I also have a scheduled transaction in Quicken so I don't have to enter it every month. Sometimes there's money left over from my Personal fund from the check before, like right now there's $4.48, if I don't wind up spending it tonight it will get transferred to ING.

Emigrant - Recently opened with the original thought of just putting all my extra child care earnings in there and watching it grow. That idea's been re-assessed but it still is only funded by extra earnings just not by all of the extra earnings that comes in. I know it has a higher interest rate than ING but I just don't feel like changing what I've already got set up.

Those three make up my Emergency Fund. ING and Emigrant are the main interest earners but I feel safer having some of it in WF and available for immediate withdrawl should the situation warrent it.

4 Responses to “Boggles the mind...”

  1. Ima saver Says:

    What is WF?

  2. Broken Arrow Says:

    Yeah, it's missing another "W" for the "World Wrestling Federation" OOOOH YEAH!

  3. ldyfaile Says:

    Sorry, Wells Fargo. Smile I edited the entry to list that instead. Would hate to have people think I bank with the WWF Wink

  4. Bookie Says:

    Nice how those ING referral sums show up. I've sent a couple of them to people who expressed casual interest and have been suprised later when a new account was actually opened and the email arrived.

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