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GE interest

August 3rd, 2015 at 09:17 am

I got the interest from my GE capital bank account and also my Barclay dream account. The interest was $31 and $3 respectively. The dream account has a maximum of $1000 that you can add each month. They promise to give you a 5% interest bonus on the interest after 6 months. Of course, that will not amount to much, but I have added the max every month and made no withdrawals. I will add this to the $20 challenge:

Prev. total $13,426.00
today 34.00
new total $13,460.00

3 Responses to “GE interest”

  1. FrugalTexan75 Says:

    Is it really 5% on the interest only? I understood it to be 5% on the total amount in the account (and only if you haven't made any withdrawals.)

  2. snafu Says:

    I wonder if you have ever looked at cash REIITs. Today they disscussed [American] 'PURE MULTI FAMILY' REIT and it made me think of you. I believe it pays out 5.3% and is income based, not an equity ...exactly. You might read about it and see what you think

  3. Ima saver Says:

    Yes, it is on interest only, Laura. I will look into cash REITs. I know nothing about them.

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