Will I lose interest using 2 goal saver accounts?
I've been reading about moving your balance between 2 GoalSaver accounts on the 1st of every month as a way around the requirement of increasing your balance to receive the bonus interest. I have always kept a fair amount in NetBank Saver for unexpected expenses and investing, but the GoalSaver interest rate is obviously better so I decided to open a second GoalSaver account and give it a try. I would like to know if I will lose a days interest every month because the balance wasn't in the account for the full 24 hours on the first day. I'm also a bit worried if I transfer my entire balance in the morning on the 1st, and the bank calculates interest in the afternoon I would be starting the month with my entire balance instead of starting each month with $0 which is what is needed for this to work. That's why I'm thinking I may need to transfer on the 2nd of each month and lose 1 days interest. Does anyone know exacly how this works?