App-O-Rama: Step 3 Put the Money in the Bank

At 5.00% APY, and no fees, Washington Mutual was the bank i chose to place the balance transfered funds into. To earn this rate however it also requires a checking account with Wamu. I actually decided to go with this bank because in addition to the best interest rate it allows me to have free bill pay and access to atms and branches. Feel free to check out some of the other banks with best interest rates. Ive already automated the bill pay to each of the credit card accounts every month for the specified amount of 0% interest. All I do every month is transfer the total of minimum payments into the checking account, which is simple and monitor the payments once a month to ensure they go through. So this is it. I will be updating any difficulties i encounter with payments or anything noteworthy.




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