Beware of too frequent bank transfers
Tuesday September 16, 2008
Bank transfers of your entire savings between high interest online savings accounts should be kept to a reasonable level. SavingsAccounts.com.au suggests in a recent article that you may get caught out with the worst interest rates in the future if you switch savings accounts now. This is because you may no longer be considered a new customer by the banks offering great introductory and promotional rates, at least not for several years to come.
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