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I goofed!!

May 7th, 2008 at 05:08 pm

I decided to put some of my cash into a c.d. paying 4%, out of money sitting in a money market account making 1.98% So I did that last Satuday.
Today it hit me. Now that my money market account is below the minimum required, they are going to hit me with a $15 fine!!
Well, at least I am making double the interest. Now, I need to get that m/m back to the minimum required! Lesson learned!!

Posted in Uncategorized | 3 Comments »

3 Responses to “I goofed!!”

  1. Aleta Says:
    May 7th, 2008 at 05:23 pm 1210181024
    1210181024

    Ima: If you get the minimum in by the end of your statement period, you should be alright.

  2. SingleGuyMoney Says:
    May 7th, 2008 at 06:19 pm 1210184399
    1210184399

    If they hit you with a fee, I would try the following:
    1. Bring up how long you've been a customer.
    2. Mention the amount of money you have in the bank.
    3. Change the type of account to a no fee or lower balance required saving account.

    ..
    Just a thought, not sure if any of the above will work. $15 is a huge fee.

  3. 76Chick Says:
    May 7th, 2008 at 06:47 pm 1210186068
    1210186068

    I agree, you should be able to get it waived at lease once. Aleta, some bank's (I know the one I work for does) require the minimum all month long, and don't go by an average daily balance.

    GL with the fee! Big Grin Great news on the interest.

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