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But I imagine it is probably a hassle to close accounts and if you have a good relationship with wherever your money is at, doing all that for less than a 1% of the money just doesn't seem worth the hassleAnyone got $500k I can borrow real quick?
lol, that is a really pathetic deal for the amounts they're suggesting, but I guess Chase "Private Client" is for those with means, so it makes a bit of sense. Still insanely low, but...
Hell no, I barely have a checking account. Pennies go in, dollars fly out!Yall have savings account???
One could say it's one way to Chase customers away.Anyone got $500k I can borrow real quick?
lol, that is a really pathetic deal for the amounts they're suggesting, but I guess Chase "Private Client" is for those with means, so it makes a bit of sense. Still insanely low, but...
One could say it's one way to Chase customers away.
I'll see myself out.
It really depends on what the rates they're offering are. If they offer that on top of competitive rates or a good deal on trading with their JPMorgan partnership I can see how it would make sense. I don't know how hard it is to switch accounts in the US but in the UK it's honestly pretty trivial.
Ironically I've just opened a Chase account because here in the UK they have the best easy access interest rate.
Keep one checking account that is tied to bill paying and rotate accounts if you want to chase promos.
I took advantage of a couple years back and now just keep most of my money in online banks. 5% interest is no joke.