Tech_geek23 OP t1_j6ng4yd wrote on January 31, 2023 at 4:04 PM

Reply to comment by [deleted] in Traditional Savings vs HYSA Savings by Tech_geek23

I guess my question for me is how important is instant transfers over better interest rates then?

What's best way to determine if it's worth it

[deleted] t1_j6ngzq3 wrote on January 31, 2023 at 4:09 PM

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Tech_geek23 OP t1_j6nhf72 wrote on January 31, 2023 at 4:12 PM

That makes sense too. My brain is on the ADHD side so being able to visually see the savings and slide money to it immediately is what's appealing to me knowing how my brain works

[deleted] t1_j6njhdi wrote on January 31, 2023 at 4:25 PM

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GaylrdFocker t1_j6od10y wrote on January 31, 2023 at 7:25 PM

Instant transfers are worthless. Pay with a credit card and pay off with savings, you have up to a month to transfer the money depending on purchase and due date.

Tech_geek23 OP t1_j6odda4 wrote on January 31, 2023 at 7:27 PM

Heh I do (smartly) play the credit card game so that works too

sleepyguy22 t1_j6ngoxr wrote on January 31, 2023 at 4:07 PM

Calculate how much monthly/annual interest you would make in a high yield account and then compare that price to the convenience of instant transfers.