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Earn More Interest Via Direct Deposit

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Hi All,

Here is a quick weekend tip for you: sometimes the key to making money is simply using what you have effectively.

If you’ve got a job these days you probably have direct deposit, but like most people you probably deposit the majority to your checking account and transfer any surplus over to your savings each month. Well, if you are doing this…you’ve got it backwards! You should be having your paychecks deposited entirely into the account that pays you the most interest.  This ensures your interest payments from the bank will be maximized. You may only make a few cents each month, but even a little bit can really add up!

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