Start HereShould I move my money to a higher-interest online savings account?
Sounds like a no-brainer, but there's a catch: It takes a few days to move the money to the new account. During that time you will not earn a dime. To figure out whether you should switch accounts, just punch in the numbers, and we'll take it from there. (*) Check with your banks how long it takes to withdraw and deposit money. It often takes 1-3 business days to transfer the money from the current savings account to a linked checking account, and an additional 1-3 business days to transfer the money from the linked checking account into the new savings account. Enter the sum of the two numbers.
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