I currently have the following savings/retirement accounts
- Emergency Fund
- Current Rate .01% ---- ugh!
- Current Contribution $100/bi-weekly.
- This is currently sitting on my regular savings account and is not really accruing any interest
- Roth IRA
- Current Rate .75%
- Current Contribution $50/bi-weekly.
- I just started contributing to this one and haven't really maxed out my contributions
- Online Savings
- Current Rate .75%
- Current Contribution $50/bi-weekly.
- I am planning to transfer my Efund to the Capital One 360 Savings account, but I am still trying to research if this is the best thing. My regular savings account where the Emergency Fund is in isn't really accruing any interest.
- Current Employer 401k
- I am currently putting 5% to my 401k to take advantage of our employer match
- This is also set up where it will automatically add 1% every year - which hopefully I will not notice
- Previous Employer 401k
- I left two years ago and left this as is. However, I am still regularly checking this and it seems like its been compounding.
Do you think this is a good idea?
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