Anyone have any good recommendations on where to put money you are taking out of Savings? My local PNC is closing, so I am taking all my savings out, and I am going to take it somewhere. I should have done it a while ago, because the interest rate is a joke. I guess I kind of worried putting it somewhere else where I don't have quick access to it.
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^I have a cash reserve at my house that is instantly available, so if it took a couple days to access my funds, it wouldn't be the end of the world.
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There are a number of "high interest" savings accounts out there online. They're still pretty crummy in terms of interest rates (generally 0.5%-1.0%), but it's better than what you'll get at a brick and mortar bank. I'm using Discover Savings right now (1.0%), and I've used Capital One 360 previously (0.75%). Both are really easy to start and use. Transfers between that and your checking account usually take 2-3 days or so.
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I don't know anything abuot Discover Savings. I've been with Capital One for many years now (probably 15 or so) for most of my "loose" cash, and it's been pretty great overall. Much better interest rates on a regular account than you can even get on CDs at most other banks.
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1. Take it all out of the bank

2. Combine it with the other cash you have socked away

3. Put it all under your mattress

4. PM me your address and wait for me to stop by and explain the best way to invest it. :-)
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I've used Capital One previously, never used Discover. Ally Bank I think gives 1% on savings and they reimburse up to $12 in ATM fees/month.

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I guess it would be good if you take the savings and pay the principal off each month. That would be the best of both worlds. Sounds like a good move depending on how much all the refinance fees were.
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I use Ally. It's been fine with 1% APY. Basically matching inflation give our recent rates. I've considered their CDs for my safety net. I think you only lose 2 months interest if you break them but it's been a while since I read up.

edit: it does take a couple days for transfers to another account. I know some ppl who used it for both check/sav then it's very quick.
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Synchrony Bank is a spin-off from GE and has a high yield saving account that is yielding 1.05%. There are no check book privileges, but you can link bank or investment accounts and move money in 2 to 3 days.
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I have the Fidelity Visa card but not currently using it. Instead, I've been using Capital One Spark. Both offer 2% cash back on everything with no limits. Advantage Fidelity: no annual fee ($59 for Capital One Spark). Advantage Capital One Spark: no foreign transaction fees (1% for Fidelity). My best advise would be to get out of any airline miles cards you have. First, you can hardly find mileage flights that are available at the 25000 RT level and then you have to pay additional airport fees, etc. I'd rather have $500 cash to spend where I want than to accumulate 25000 miles that I can't use.
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Quite honestly, Roth assets are the last place you should tap for funds. These are precious assets that will grow tax free for life. No tax on dividends, interest and market appreciation, depending on your investment of choice. It is hard to accumulate funds in Roth accounts unless you do an IRA conversion (which I did) and pay the ordinary income tax at the time of conversion. While that was painful, I now have a 30% gain that will never be taxed. For those thinking about estate planning, Roth assets can be given to your kids and they can take distributions over their lifetime. The other major benefit of Roth vs. Traditional IRA's is that there are no required minimum distributions at age 70.5. So they can continue to grow tax free for a very long time. Don't take assets out of your Roth if you can possible help it.
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Doing fairly well with options on OIH and USO the past couple days.
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This is what I do as well. See, Broncos fans are smart too.
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I play the options markets a LOT.

Do you buy:
-At the money?
-Far out of the money for leverage?
-Mostly calls?
-Mostly puts?
-Near term expiration?
-Long term expiration?
-Whatever you feel is a good value?
-Enhanced strategies like covered calls or naked puts or straddles?
-Equity options or index options?
-Mostly big caps?
-High price for big moves?
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I don't want to get to detailed. I will however reveal my moves the last few days. Calls for both OIH and USO. Put for SPY this morning.
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