Umbrella bank just lowered it's rate, down to 3.9%
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Online Savings Accounts & Current Rates
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I so totally agree with you. They need to put the breaks on this stuff. Eventually, the mattress might be safer than the banks with all of the talks about possible future bank failures. Who is going to want to invest in banks and then hope your bank is OK and you'll be able to get your money out in a timely fashion.
I think that when they lower the rates like this, that the interest should not be taxed. What do you think.
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Originally posted by sweeps View PostSkooby, GMAC is toast... time to move to another bank.
I'll just transfer it to my fnbo account...or maybe there is one out there better than fnbo with a signup bonus. I'll check...
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Make room under your mattress, folks...
We may see a 100 basis point rate cut from the Fed this month.
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