I got an automated message from Google AdSense — the service that puts ads on this blog and gives me a small cut of the ad revenues every time someone clicks on an ad — that says that my bank account is no longer valid for electronic funds transfers because the transaction failed last night. When I went to AdSense’s site, I was informed that I couldn’t set it to directly deposit the money into my bank account ever again and that I’d have to provide a new bank account. A single technical hiccup has rendered my bank account invalid to receive payment from AdSense forever. Thanks, guys.
Although this is an annoyance, this is also an opportunity. I’ve been considering opening an account completely separate from my existing one for discretionary savings. After the rent and other living expenses have been covered and after I’ve made my monthly payment to my “Wealthy Barber” account, I’d like to take a portion of the remaining money and squirrel it away in a high-interest savings account for saving up for little niceties. I’d much rather save up for those things rather than buy them immediately on credit.
I’ve been looking at the high-interest savings accounts offered by PC Financial, ING Direct and HSBC. Have any of you had experiences with these accounts? Are there other accounts I should be checking out? Let me know in the comments.