Have you ever read your bank statements and saw the few cents that you earn in your savings account? I have always tried to put most of my money in savings accounts and only a few hundred dollars in the checking account, but tonight, I did some calculations and found that if I just moved the money in my savings account to an online saving acccount (HSBC at 4.25%), I can earn enough interest for a few nights out on the town a month! In the grand scheme of things, this probably doesn’t matter too much. But with just a little bit effort put in, I can sleep better knowing that my bank isn’t ripping me off with their 0.1% savings rate).
This is a good and painless way to earn more interest on money that I’d like to keep accessible. And I’m all for some more nights out on the town!