Keeping too much in your checking account isn't ideal, for two reasons: First, such easy access means you might be tempted to spend it.
Keeping too much in your checking account could mean that you're leaving money — even a little — on the table.
After this account is built, it can be tempting to leave any spare cash in your checking account.
If your checking account is growing while your IRA, 401(k), or savings account remains stagnant, you're probably keeping too much money in checking.
You're worried you're missing out on moneyThe average checking account has an interest rate of 0.07%, according to the FDIC.
Persons:
—, Marci Bair, it's, Bair, You've, I've
Organizations:
Service, Bair Financial
Locations:
Wall, Silicon, Bair, San Diego , California