About Me

Ima saver (julie is my real name)

I am over 60, but still feel like I am just 7. I love to go dancing with my wonderful husband of almost 30 years. Since we have never earned a lot of money, we have learned to take care of what we have. We live in the mountains in north georgia in a big beautiful house that my husband build and it is mortgage free. Now I am trying to save so my "younger" husband can retire someday.

OMG

January 24th, 2008 at 02:58 pm

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!!

Posted in saving | 5 Comments »

5 Responses to “OMG”

Aleta Says:
January 24th, 2008 at 03:15 pm

Ima, can you get some CD's that would come due in 3 mos and maybe you could buy 3 or 4 (3 month CD's) in case you needed to break one.
Ima saver Says:
January 24th, 2008 at 03:43 pm

We have quit build specs for now, so the money will probably sit all year!
scfr Says:
January 24th, 2008 at 08:00 pm

Ugh ... Sorry!
boomeyers Says:
January 24th, 2008 at 09:10 pm

Again, punishing the savers in America. Sad.
lost in debt Says:
January 25th, 2008 at 05:20 am

Unfortunately when the Feds cut the discount rate this week,it changes savings rates. I just checked out an account at 5.10% at IngDirect.com.

Ima Saver's Personal Finance Blog

Trying to spend and save wisely

OMG

5 Responses to “OMG”

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