Interest Saver Account

I have finally managed to find a bank account that i can put the money from this project into and actually earn a decent percentage rate of interest on it. For the time being i had it in an account that did not actually give me any interest unless i had over $5,000 in the account, which considering i am sitting around $120 and it is growing slowly would have been a long wait to get interest. Anyway it seems another bank that i have an account with actually does an account without a minimum deposit.

So i am going to get the money from one account to the other in the next day or two transferring it and all just takes time to do online. But i should have it in there within a day or two and start earning. The initial interest rate which i will get will be 2% per annum. Which while not great will be more then sufficient to at least provide a little extra for the project. However as we all know compound interest has some power, and the more money that ends up building in the project the more interest will play a part in this.

As a side note, hopeing to start getting some more money into the project as i start looking to clear some of the junk i have at home. So many things that i have bought and just accumulated over the years, and ready to start getting rid of it. May be small change from most of it however will keep working on it, and maybe over time even add a few hundred, dollars or more.

Rewards voucher received

Finally the day has come, the online rewards program that i am a member of has come through. It was about a month and a half ago that i got enough points on the system to request a reward and i did. The reward was $30 cheque. Which i will be getting in the bank soon.

It took quite a long time to accrue the points but in reality very little effort, a minute or two here or there every so often. I probably could have done it quicker if i was diligent and visited the site every day. However such is the way things are.

With this $30 reward, it brings me up to a total of $126.50 in the project. Just $1.50 off completing Step 12 ($64 – $128). I do not see it taking long to achieve that little bit. Then however is when the real work is going to have to begin. As the next step is 13 ($128-$256) this is not going to be a simple task of money found and interest earned will get me there, i mean it could but it will likely take quite some time to do. So i am going to have to double my efforts on other things to create the income i am going to need for this step and future steps.