FlyerTalk Forums - View Single Post - What to do with $100K
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Old Apr 18, 2011 | 8:55 pm
  #34  
uoficowboy
15 Years on Site
 
Join Date: Jan 2010
Location: SFO
Posts: 389
So it looks like BankDirect has all sorts of Mileage account types. Checking gets you .1miles/$1, and money market gets you .05miles/$1. The interest is double for the money market (.1% vs .05%). Both of those are worth next to nothing compared to the miles. However, you get 1K miles/account opened. So would it make sense to open up a money market and a checking account, put the minimum funding in the money market, and the rest of my money in the checking? When could I close out the money market?
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