8 replies to this topic

[Rogerdodger]

I remember getting over 7% on a checking account just a few years ago.
Now I am seeing some offering a 6% introductory rate with 5%APY
Bankrate.com LIST

[pdx5]

I remember getting over 7% on a checking account just a few years ago.
Now I am seeing some offering a 6% introductory rate with 5%APY
Bankrate.com LIST

So how does Bank Of America get away from paying me 0.02% on my checking account?
May be I should threaten them with "I am taking my business elsewhere" stuff! Not that
it will do any good

[Rogerdodger]

Most folks will not change bank accounts. Too much trouble. The banks know that. But nothing keeps you from opening another while keeping your "super bank" account. CD's are not paying much more.

[ed rader]

I remember getting over 7% on a checking account just a few years ago.
Now I am seeing some offering a 6% introductory rate with 5%APY
Bankrate.com LIST

i'm getting about 4.9% on my american century money market accounts, both of which have free check writing if you maintain over $2500 -- under $2500 for more than 90 days and they close the account.

i don't keep a lot of money in my personal and business checking accounts.

ed rader



ed rader

[calmcookie]

Not sure what Everbank.com is paying right now ... it was good to begin with ... haven't looked in awhile (need to check again). High Forbes rating ... if that means anything. Happy with their website and phone service ... so far. C.C.

Edited by calmcookie, 10 June 2007 - 07:29 AM.

[pdx5]

I remember getting over 7% on a checking account just a few years ago.
Now I am seeing some offering a 6% introductory rate with 5%APY
Bankrate.com LIST

i'm getting about 4.9% on my american century money market accounts, both of which have free check writing if you maintain over $2500 -- under $2500 for more than 90 days and they close the account.

i don't keep a lot of money in my personal and business checking accounts.

ed rader

I am exactly in the same situation. Most of my cash is in MM's paying just under 5%.
If my checking account paid the same, I could'nt pay for 1 dinner at Ruth Chris Steakhouse
after one years interest since I don't keep much money there. So, I will stay with BoA since
they have a neighborhood branch with very friendly staff and their on-line service has been
excellent.

[ed rader]

I remember getting over 7% on a checking account just a few years ago.
Now I am seeing some offering a 6% introductory rate with 5%APY
Bankrate.com LIST

i'm getting about 4.9% on my american century money market accounts, both of which have free check writing if you maintain over $2500 -- under $2500 for more than 90 days and they close the account.

i don't keep a lot of money in my personal and business checking accounts.

ed rader

I am exactly in the same situation. Most of my cash is in MM's paying just under 5%.
If my checking account paid the same, I could'nt pay for 1 dinner at Ruth Chris Steakhouse
after one years interest since I don't keep much money there. So, I will stay with BoA since
they have a neighborhood branch with very friendly staff and their on-line service has been
excellent.

i'm with B of A too. i overdraft both of my checking accounts with B of A credit cards. my main card is also an alaska airlines card and i have more that 180k miles accrued .

ed rader

Edited by ed rader, 10 June 2007 - 09:31 PM.

[vitaminm]

One may not like trading restrictions on mutual funds at AC.


http://finance.yahoo...BPRXX,TCRXX&d=s

[ed rader]

One may not like trading restrictions on mutual funds at AC.


http://finance.yahoo...BPRXX,TCRXX&d=s

you're right. that's why i moved my SEP-IRA to schwab .

ed rader