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Loving this new checking account

July 4th, 2008 at 06:18 pm

I am loving the new business checking account that I opened last week. Actually, it is the same account I have had for 12 years, but they changed the terms. I must keep a minimum of $1000 in the account, but for that, I get paid 3.1% interest. I was use to getting .005%, just 1/2 a percent or if my balance got low, I got zero percent.
Just in the past 8 or 9 days the account has been open, I have earned about $47 in interest.
I think I will withdraw the interest every month of two and add it to my challenge money!!

Posted in saving | 4 Comments »

4 Responses to “Loving this new checking account”

  1. Amber Says:
    July 5th, 2008 at 02:57 am 1215226654
    1215226654

    Wow that is nice I think ING is less than what you are getting

  2. fern Says:
    July 5th, 2008 at 11:52 am 1215258748
    1215258748

    Yes, i echo that "wow." 3.1% interest? There must be a catch....hidden fees elsewhere? Have you read all the fine print? That sounds like a very good deal!

  3. Ima saver Says:
    July 5th, 2008 at 03:31 pm 1215271861
    1215271861

    No catch at all. I got to keep the same checks, same account number, etc. They just changed the rates from 1/2 of one percent to 3.14% I have to keep $1000 minimum.

  4. Just Todd Says:
    November 30th, 2008 at 09:16 am 1228036602
    1228036602

    Wow! That's more than my online "high rate" savings account pays! I wonder what bank that is... :O

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