<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Interest Rates

Interest Rates

February 2nd, 2008 at 10:21 pm

Late September my bank began offering an interest bearing checking account with an outrageous 5.61% APY as long as you:
• make at least 10 debit transactions
• make one direct deposit
• make one electronic bill pay
• sign up for e-statements

I left the bank that day with a headache from smiling too hard =) It seemed they had tailor-made this account for me; I was already complying with each stipulation!

Since its inception, the interest rate has dropped twice (understandably). It is now down to 3.82% APY. Which is still good, but I mourn the loss of 5.61%! At least I enjoyed it for a while.

Posted in Uncategorized | 3 Comments »

3 Responses to “Interest Rates”

  1. SingleGuyMoney Says:
    February 2nd, 2008 at 10:48 pm 1201992526
    1201992526

    That is a big change. We won't see alot of those around anymore.

  2. daylily Says:
    February 2nd, 2008 at 11:49 pm 1201996151
    1201996151

    A nearby credit union was offering the same thing here in January for 6.0%.
    I didn't fall for it. I haven't checked the rate but I am sure it has dropped considerably.
    I would have liked to switch everything to that credit union but my current bank is so much more convenient.

  3. Broken Arrow Says:
    February 4th, 2008 at 05:40 am 1202103645
    1202103645

    Hehe, my credit union is offering 5%, but they want 25 transactions per month with the debit card. I can live with that. Big Grin

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]