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lowered rate again!!

March 21st, 2008 at 06:54 pm

Durn. I just checked my money market accounts and the bank has lowered the rate to 2.2%, down from 2.9%. When I first opened the accounts, they were paying 5.25%, so they have really come down a lot the past several months. I need to keep some cash locally, but I guess I need to shop around a bit! If I had to live on my interest, that sure would have been a sharp cut in pay this past 3 or 4 months!!

3 Responses to “lowered rate again!!”

  1. disneysteve Says:
    1206140237

    My MMF is down to 3.13% from well over 5%, so I know how you feel. And we're probably not seeing the full effect of this week's rate cuts yet.

  2. fern Says:
    1206148134

    Rate cuts may be good for spenders, but not for savers.

  3. Anniebird Says:
    1206185657

    I feel your pain, Ima. It was nice while it lasted!

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