I’m now banking with—wait for it—my cellular service provider. 6 weeks in and I’ve had no issues. Why? Because 4.00% APY on a checking account with no fees, and a slick user interface.

So my money is currently waterfall’d, as I like to think about it. The top pool is clocalhcredit union ecking account, with a high (7ish %) rate on the first $500. Fill that $500 pool, and have an automatic monthly transfer of the interest down into the next pool, which is T-Mobile money, earning 4.00% APY on balances up to $3000. Fill that $3000 pool, and transfer the monthly interest to CIT bank saving which earns 2.45% APY without a maximum account balance.


3 pools. Each dollar earning the most possible without risk. I used to be absolutely terrible at saving, but GREAT at spending! Now, despite making less than previous years, I’m never worrying about money like I used to. I’m traveling somewhat frequently without issue, which I could never seem to afford back when I owned a successful, profitable small business. Going into the deep end of money management has really changed this stuff for me. And it’s FUN! To the point where I’m somewhat curious about finance related careers even... And as seems to be a reoccurring theme, I wouldn’t have gotten started down this path without you all.

Next step is to learn about investing, but I think I’ll save that for 2020. This year is still solidifying accounts, and getting my credit card portfolio to where I want it to be. Which.... I’m one card away from. Just need to wait a few months thanks to Chase’s cursed 5/24 rule.

Anyone else enjoy this stuff? Any questions about John Legeres foray into banking? Love him or hate him, it’s impossible to deny that the T-mobile CEO has had a huge impact on the mobile phone world. While the T-mobile Money account may not have the highest maximum (for the good rate at least), it’s still pretty crazy to see 4.00% in a checking account that doesn’t require rediculous hoops to jump through.

Here’s a link to a review.

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