I check out my local bank accounts every day and record the amount of interest that I have earned.
I was very proud of my one local bank. For a couple of years they have paid 5.25% on a money market account and I made decent interest while we used the money to build spec houses.
Several months ago, the rates dropped to 4.1% but I still kept the money locally.
I was shocked when I went online today to see that the rates had dropped to 3.4%
I called the bank and explained that i had 300K in there, but they would not give me a rate above 3.6% Looks like I will be moving on!!
OMG
January 24th, 2008 at 10:58 pm
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