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Old 09-20-2017, 04:03 PM   #18 (permalink)
redpoint5
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Location: Oregon
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Quote:
Originally Posted by Xist View Post
Sorry I did not look up this earlier. 5% interest on their checking account for up to $10,000, as long as you direct deposit at least $100 and make fifteen transactions monthly: https://www.northpointe.com/banking/...timateaccount/

RedPoint, did we discuss this before? I remember something about 50¢ Amazon gift cards.
I had my wife open her own credit union checking account to double the limit for the high interest accounts. We're just above those limits now, and the solution would be to open a 3rd account somewhere else, but I'll have my roof replaced and have a new fence put in that will bring us back under that limit.

A couple days ago I made a few 50 cent Amazon credit reloads using my debit card to meet the transaction requirements.

My CCs are on autopay with my checking account, so I don't even have to bother making the payment on time to avoid interest charges.

I've considered refinancing my 30 year mortgage into a 15, but I'm already 7 years into it, and I consider my locked in low rate to be a hedge against rapid inflation, which I suspect will happen sometime during the length of the loan.

BTW, my plan is to never sell property that I purchase, but instead to rent them out when I leave. Zillow says my house has a rental value of $2,000/mo, and my total monthly cost is $1,200. I've already broken my ownership strategy since selling property in Enid, OK that I was co-owner with a friend on. It was just easier since he wanted to be done with the hassle of being a slumlord for a property that is far away.
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Xist (09-20-2017)