Originally Posted by pman10
It's also an epic waste of money leaving $25k in an account generating essentially 0% interest just to get 30 free trades (~$300 value, giving you a grand 1.2% yearly interest on your deposit).
You're better off finding a higher interest-yielding account or money market fund and making your trades via a 3rd party like ameritrade.
Yes and no.. he may have some insane spending habits and income and actually cycle $25k
not likely any of us do but im just saying
when I sold my old car I deposited all the money in and the teller said something about BOA VIP/PREMIUM/VALUED MEMBER or something and started reading me the benefits it includes a whole list of free banking services.
But yah I agree 25k in the checking account is a complete waste of money