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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: bacon ⎊  😊 😞
Number: of 1424 
Subject: Re: Savings accounts
Date: 10/09/23 9:27 AM
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...experience with raisin.com?

No experience, but a question.

Raisin claims no fees, so how do they make their money? The banks pay the fees instead of the saver, but does that mean Raisin isn't taking a taste of the interest on the way by, also? Probably not, but it wouldn't take a big taste for them to make more money.

Seems to me that the best use of the site is to scan the deals on offer and then go deal directly with the bank(s) with the best offers. My experience with opening bank checking or savings accounts is that the process isn't much more inconvenient than dealing through Raisin and (often?) updating selections through them. The initial setup through Raisin might be more convenient than some (small) number of individual setups, but after that, it seems unlikely that all of the savings accounts would need...adjustment...simultaneously.

Eric Hines
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This community has written 1,358 posts about Retirement Investing. The article-length ones it recommended most:
The Case for Long-Term Buy and Hold Investing · 49 recs · 2025
Transferring assets to the next generation · 20 recs · 2025
Retirement Year 8 · 17 recs · 2025
(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
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