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Rates went down again!

May 2nd, 2008 at 06:48 pm

The rates on my money market accounts went down again. Now the bank is paying 1.98% Just a few months ago this account was paying 5.25%. Now I know why retirees that live on their interest, get upset when the rates go down!! It seems like every time I move my money, the rates just go down again.

Posted in Uncategorized | 2 Comments »

2 Responses to “Rates went down again!”

  1. Nic Says:
    May 2nd, 2008 at 08:55 pm 1209761744
    1209761744

    Well stop moving your money cuz it's affecting me too!... EEK! Just kidding. I was thinking it's now so low,we'll need a crowbar to pry it back up!

  2. nance Says:
    May 2nd, 2008 at 09:33 pm 1209764022
    1209764022

    The Feds probably won't lower interest rates, again, for a while, so maybe they have bottomed out. As of this morning, ING was still paying 3 per cent.

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