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Thread: JPMorgan offers 60,000 points to sign up for its new Sapphire bank account
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Old Oct 16, 2018, 1:34 pm
  #85  
Brian Chen
 
Join Date: Feb 2015
Location: New York
Posts: 230
Ya, that was exactly how I was thinking, but the other posters made a good point that you can continue to invest in a money market fund rather than their 0.01% savings rate

Originally Posted by RedSun
The wrong way of thinking.

You need to think about your opportunity cost. Where is the money you are moving? What rate you earning now? If you are earning 2% with that money and you are earning 1% with Chase, then you lose 1% and earn the 60k URs. If you earn the same rate of 2% or 5%, then you just net earn the 60k URs with no additional cost.

Also, you receive all the Chase banking benefits.
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