At our roommate meeting we talked about having emergency or cushion money, just in case one of us is down for the month. I think I might have a CD…things my grandparents started when I was little. It’s hard having emergency money when you have to use it all each month. But I think most banks (at least mine does) take a small percentage each month from checking and puts it in savings.

@PaulSaysThings I do the change thing too! I have a special little monkey bank for change.

Online savings accounts typically have a higher interest rate because there is less overhead. So you’ll earn a bit more than you would keeping it at a local bank.