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Checking on rates!

September 7th, 2010 at 01:02 pm

My main bank was closed in March and taken over by another bank. The rates went down a lot. I am getting 1/2 of 1 per cent on my business and personal checking accounts and 1% of the account that I use for my savings account.

This weekend the new bank shut down their website to set up a new web site.
When I checked my accounts this morning, the website no longer told you what interest rate they were now paying on your accounts.

So, I went into the bank to ask. I can still get 1% at the ING site, so I might transfer some money over there.I found out from customer service that the rates are still the same, but they will be going lower.

I can remember when you could live on the interest on a million dollars. Those were the good old days. No body is paying much higher than 1% these days, so living on the interest on a million would be tough. I couldn't live on $10,000 a year!

I did do my grocery shopping today and saved $7 using my Ingles advantage card, so I will add that to my $20 challenge.

Prev. total $13,060.00
today 7.00
new total $13,067.00

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