I began doing this last year, as well. Just that I don’t want to close any of these old accounts because I don’t know when I’d need to look them up for some transaction/s I did several years ago. So I’ve left a nominal minimum balance in each of these accounts and left them open.
BTW, which online checking & HYSA are you keeping open? I’…
I began doing this last year, as well. Just that I don’t want to close any of these old accounts because I don’t know when I’d need to look them up for some transaction/s I did several years ago. So I’ve left a nominal minimum balance in each of these accounts and left them open.
BTW, which online checking & HYSA are you keeping open? I’ve had the Ally Bank accounts as my primary Checking & HYSA accounts, even though there have been several other ones that offer a ‘slightly’ better rate - such as Wealthfront. But I’ve shied away from them just to keep myself from opening one more account to track. Instead, more recently, I’ve begun investing in TBills & CDs directly from my Fidelity account. This keeps it cleaner too — all investments (including Emergency funds) in Fidelity and all expenses in Ally. Oh yes, I do, too, have a local bank account with Wells Fargo just in case I ever need it.
I began doing this last year, as well. Just that I don’t want to close any of these old accounts because I don’t know when I’d need to look them up for some transaction/s I did several years ago. So I’ve left a nominal minimum balance in each of these accounts and left them open.
BTW, which online checking & HYSA are you keeping open? I’ve had the Ally Bank accounts as my primary Checking & HYSA accounts, even though there have been several other ones that offer a ‘slightly’ better rate - such as Wealthfront. But I’ve shied away from them just to keep myself from opening one more account to track. Instead, more recently, I’ve begun investing in TBills & CDs directly from my Fidelity account. This keeps it cleaner too — all investments (including Emergency funds) in Fidelity and all expenses in Ally. Oh yes, I do, too, have a local bank account with Wells Fargo just in case I ever need it.