My bank has a great offer this week, a checking account that pays 3.1% interest and the balance only has to be $1000.
I have 2 money markets there, currently paying 2% (use to be 5.25%) with a minimum of $50,000.
So, I just converted my 2 money markets into 1 checking paying 3.1%
I also have a business checking for dh's business that I have had for over 13 years. Sometimes it has a lot of money in it, and sometimes it doesn't. For 13 years, I have been getting 3/4 of 1% in interest on that account.
I just switched that to the 3.1% so I will start earning decent interest on my business account for the first time ever.
Best part of all, the bank guarantees this rate for 1 full year and you can still use your old checks and account numbers!!
Look out Interest, here I come!!
June 27th, 2008 at 04:52 pm
June 27th, 2008 at 11:57 pm 1214607462