51: Break up with your bank
Most people never consider switching banks, but Damian and I have each had 7 different bank accounts. Our main motivator in switching banks is to earn more money, but there are other reasons as well.
We always look for a bank that offers a high yield savings account and one that does not charge fees to have a checking or savings account. Does your bank charge a fee for your checking and savings account, and are you getting the most out of your banking relationship? Listen to find out what we consider when choosing a bank and to hear the bank we're leaving and the one we're starting a new relationship with.
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Resources and Related Links
How Much Does Your Bank Make Off of You? by NPR
What is a High Yield Savings Account by Investopedia
2023 Best High Yield Savings Accounts by NerdWallet
2023 Best High Yield Savings Accounts by Investopedia
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Disclaimer: Any discussion on our podcast is based on our opinions and personal life experiences. We offer information, not advice, and recommend you seek out a certified financial professional to discuss your personal finances or another professional for your needs. Read the full disclaimer here.