I've been with my bank for like 10 years and they're offering me basically nothing on savings right now. I keep seeing ads for online banks with 4-5% APY on savings accounts, but I'm worried about moving everything over and dealing with the hassle. Is it actually worth switching, or am I better off staying put?
Pull up what your current bank is actually paying you right now and compare it side-by-side with those online offers - if the difference adds up to real money over a year, it's absolutely worth the switch because moving accounts is way easier than people think nowadays! The hassle is honestly just setting up auto-transfers and updating a few bill payments, takes maybe an hour total, and you could be earning hundreds more annually on the same money sitting there doing nothing.
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