What to do with $100K
Apr 18, 2011 | 4:31 pm
#31
Original Poster
Join Date: Jan 2010
Location: SFO
Posts: 389
I'm in the exact same boat as the OP (also in SEA if I may add 
)
Here's my plan on how to invest my $100k:
put ALL into Fidelity now to get 50k AA, and later 50k Delta. Once miles are in, I plan to withdraw all but $1k or $2k, and leave the accounts open for 6 months.
open Bank direct and use this as my new "savings" acct, so ExitRow, pm your referral link too if you'd like.
)Here's my plan on how to invest my $100k:
put ALL into Fidelity now to get 50k AA, and later 50k Delta. Once miles are in, I plan to withdraw all but $1k or $2k, and leave the accounts open for 6 months.
open Bank direct and use this as my new "savings" acct, so ExitRow, pm your referral link too if you'd like.
Apparently new customers can only put in $15K/day.How long do we have to hit the $100K? 90 days right?
I'll set up my BankDirect account shortly.
Apr 18, 2011 | 6:25 pm
#32
Join Date: Jun 2005
Location: PNW
Programs: HH Diamond, Hyatt Globalist
Posts: 87
For me, the limit is $25k per day, the limit will be removed after 7-10 business days.
Apr 18, 2011 | 8:55 pm
#34
Original Poster
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?