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$486.68

May 24th, 2009 at 07:13 pm

That is how much I earned in interest in my savings account this month. The reason it is so much is that I had a CD come due on May 1st. They were only going to pay 2.2% interest so I put the money in my savings.
I opened 3 new checking accounts last July because my local bank was offering 3.1% interest on checking accounts, good until June 30th 2009.
I opened a personal checking , a business checking and a checking account that I use for my liquid savings account.

Just one more month and that nice rate will run out. I can't seem to find any bank that is paying more than 2.6% on C.D's any more. Sure hope the rates start to rise again. Remember the good old days when you could get 5% interest on your money?
I saved $4 at the grocery store today using coupons and the braves won last night, so $5 more to the challenge.
Prev. total $7510.00
today 5.00
new total $7515.00

Posted in $20 Challenge | 3 Comments »

3 Responses to “$486.68”

  1. SicilyYoder Says:
    May 24th, 2009 at 07:48 pm 1243194481
    1243194481

    I remember carrying my little red savings account book into Lawrenceburg National Bank to get my interest. It was 5% then. It was so good.

  2. orchid Says:
    May 25th, 2009 at 06:32 am 1243233156
    1243233156

    try smartypig (3.05% APY)

  3. SingleGuyMoney Says:
    May 28th, 2009 at 03:12 pm 1243523545
    1243523545

    I miss the days of 5% interest rates on savings accounts too. I was going thru some old bank statements the other day and found one that was the interest rate was almost 6%. Too bad I only had a couple hundred dollars back then.

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