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Love getting checks in the mail!!

July 27th, 2010 at 05:28 pm

I got a $50 check from my Chase rewards master card yesterday. My dh charges a lot at home depot and Chase gives us 3% back for home improvement purchases, so I get a $50 check almost every month to add to the challenge.
As a mentioned in a earlier blog, I am now only getting 1% interest on my savings account. When I opened the account, it was paying 5.25%, then it dropped to 3.25%, then to 2% and now it is down to 1%.
I have $60,000 sitting in that account, so I am now earning $50 a month in interest. Heck, I can get that much just charging a few thousand at Home depot and paying it off each month!

Prev. total $11,011.00
today 50.00
new total $11.061.00

Posted in $20 Challenge | 3 Comments »

3 Responses to “Love getting checks in the mail!!”

  1. rob62521 Says:
    July 27th, 2010 at 11:40 pm 1280274027
    1280274027

    Do you remember when banks used to give you something to open an account? At least you had something tangible besides the interest.

  2. Ima saver Says:
    July 28th, 2010 at 08:22 pm 1280348555
    1280348555

    Oh yes, I remember the good old "toaster days"

  3. terri77 Says:
    August 7th, 2010 at 07:27 pm 1281209247
    1281209247

    My money market savings account is even worse, something like 0.35%. And the credit union savings account is paying 0.15%. Thank goodness for ING.

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