Comments on: Are You a Rate Chaser?

By: Girls Just Wanna Have Funds-Personal Finance For Women

Girls Just Wanna Have Funds-Personal Finance For Women — Thu, 19 Feb 2009 04:01:29 +0000

[...] Life They Want Smart women are up to date on the latest issues in personal finance. They understand rate chasing, investing for the long haul and understand that while they may have substantial savings, practice [...]

By: Rate Chasing with High Yield Savings Accounts

Rate Chasing with High Yield Savings Accounts — Tue, 06 Jan 2009 15:12:33 +0000

[...] Are You a Rate Chaser? [...]

By: Cheapiness

Cheapiness — Sun, 30 Nov 2008 23:56:31 +0000

Great article on Rate Chasers. I linked to your post on my blog!

By: Ask the Readers: Should I Chase Higher Interest Rates? ∞ Get Rich Slowly

Ask the Readers: Should I Chase Higher Interest Rates? ∞ Get Rich Slowly — Mon, 24 Nov 2008 05:57:58 +0000

[...] from bank-to-bank (or “rate chasing“, as it’s known) can make sense if you have enormous balances. I have about $8,000 in [...]

By: FNBO Direct Followed Suit, Up Interest Rate

FNBO Direct Followed Suit, Up Interest Rate — Sun, 09 Nov 2008 04:07:23 +0000

[...] out what “too inconsistent” means in this case. And it also makes me think whether my rate chasing is worth it or not. I have opened one bank account after another, hoping to get the most of my [...]

By: CupidsZone » Blog Archive » Smart Women Marry Rich Guys!!! So Can Money Buy Love???

Sun, 08 Jun 2008 20:31:40 +0000

[...] women are up to date on the latest issues in personal finance. They understand rate chasing, investing for the long haul and understand that while they may have substantial savings, practice [...]

By: » Smart Women Marry for Money, and Here’s Why on Consumerism Commentary: A Personal Finance Blog

Tue, 19 Feb 2008 13:57:15 +0000

By: Armchair Fiduciary

Armchair Fiduciary — Mon, 22 Oct 2007 03:58:40 +0000

Sun:

I think am a quasi-rate chaser. I have opened 3 different money market accounts in the last 18 months. I try to find banks that have consistently high rates and then switch between them. I think Countrywide, ING, Emigrant, igobanking.com and a couple others are worthy of having accounts with because one of them is always trying to grow their money market deposit base. I don’t have the time to open a new account every month though.

By: Roundup for week of 15 October 2007: Cheesy Chuck edition at Mighty Bargain Hunter

Sun, 21 Oct 2007 01:55:46 +0000

[...] The Sun’s Financial Diary asks if you’re a rate chaser. [...]

By: Roundup for week of 15 October 2007: Cheesy Chuck edition at Mighty Bargain Hunter

Sun, 21 Oct 2007 01:55:46 +0000

[...] The Sun’s Financial Diary asks if you’re a rate chaser. [...]

By: » Weekly Roundup: Are PhotoStamps Signs Of Excess? on Blueprint for Financial Prosperity

Sat, 20 Oct 2007 19:53:08 +0000

[...] wants to know if you’re a rate chaser… so, are [...]

By: Weekend Links: Bloody Sock Edition

Weekend Links: Bloody Sock Edition — Sat, 20 Oct 2007 19:08:57 +0000

[...] asks if we are rate chasers. I’m not because it’s too much work for too little profit. I hate transferring money [...]

By: Personal Finance Week in Review 2 at Personal Finance - PFJournal.com

Personal Finance Week in Review 2 at Personal Finance - PFJournal.com — Fri, 19 Oct 2007 19:41:58 +0000

[...] Sun’s Financial Diary wonders whether or not you are a rate chaser. We’ve focused a lot on the best online savings accounts and the lowest interest credit cards [...]

By: Friday Finance Findings for October 19th : Generation X Finance

Friday Finance Findings for October 19th : Generation X Finance — Fri, 19 Oct 2007 19:21:27 +0000

[...] Are You a Rate Chaser? – I’m not, and I think it is foolish to chase savings rates. Certainly, you want to make sure you’re earning a competitive interest rate, but constantly changing institutions to squeeze out another 20 basis points isn’t worth the effort. Unless you are talking about tens of thousands of dollars, the actual gains are minimal. Even more important, in my opinion, is that you are continuously making your personal information susceptible to identity theft. [...]

By: Stuff Worth Reading, Because the Robot Uprising Is Near! | Punny Money

Stuff Worth Reading, Because the Robot Uprising Is Near! | Punny Money — Fri, 19 Oct 2007 15:12:56 +0000

[...] Sun’s Financial Diary commented on an article in the New York Times on chasing high-yield savings account rates. Yes, that picture and [...]

By: Money Links For 10-19-2007

Money Links For 10-19-2007 — Fri, 19 Oct 2007 10:36:59 +0000

[...] Are You a Rate Chaser? by Sun @ The Sun’s Financial Diary. [...]

By: Amr

Amr — Thu, 18 Oct 2007 08:24:49 +0000

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By: Sun

Sun — Thu, 18 Oct 2007 04:28:34 +0000

I used to transfer money out of Paypal immediately when it’s available, but now I am keep it in Paypal as the rate isn’t that bad. As of ING, the account is almost empty for a long time. There’s no reason to use it when their rate is almost the lowest among major online banks.

Money Blue Book: Just curious, how do you see maximum long term growth? I think rate chasers are only looking for short term returns.

By: Clever Dude

Clever Dude — Thu, 18 Oct 2007 00:48:09 +0000

Not sure if you know, but that guy named Nick in the article…It’s Nick from Punny Money (punny.org). That’s him in the picture too.

Stupid writer interviewed me for an hour, but didn’t find room in the article for me

By: zeron

zeron — Wed, 17 Oct 2007 21:32:52 +0000

if it works and fits your investing style then you should be fine.

By: Money Blue Book

Money Blue Book — Wed, 17 Oct 2007 19:45:22 +0000

Sun, don’t you hate these spam trackbacks that are popping up now..ugh

Anyways, I’m a hardcore rate and returns chaser. I invest my cash and stocks like I play fantasy football. If you don’t produce at maximum capacity, you are no good to me. I do invest for the long haul, but if I don’t see maximum long term growth, I switch investment vehicle.
-Raymond

By: lulu

lulu — Wed, 17 Oct 2007 17:01:08 +0000

I thought I might be a rate chaser after I got PayPal money market and then opened ING. But I realized I did not have the energy to do this all the time. I kept my PayPal account even after opening ING because sometimes it is more convenient.

Even when ING dropped its rates I kept the account open because it has many features I love.

I also opened a savings account with Emigrant direct at the time they had a good rates deal but I only use the account for savings.
So in summary, I am a rate watcher, not a rate chaser.

By: RV

RV — Wed, 17 Oct 2007 15:34:32 +0000

Sun:

I don’t consider myself a rate chaser. Reading your article gave me an idea to implement, but how good of an idea is it.

I have no debts and 6 months of Emergency Funds. Would it be wise to borrow money from sources like a credit card at 0% and deposit them into a high yield savings account?

I would greatly appreciate if you could give your opinion on it.

Cheers
RV