Comments on: How Quickly Rates Turn http://www.tasgall.com/2008/02/25/how-quickly-rates-turn/ Peering into the Cauldron of the Gods... Fri, 27 Aug 2010 09:05:17 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Scott P http://www.tasgall.com/2008/02/25/how-quickly-rates-turn/comment-page-1/#comment-680 Scott P Sun, 02 Mar 2008 13:55:51 +0000 http://www.tasgall.com/2008/02/25/how-quickly-rates-turn/#comment-680 JasonG said "I can only imagine how low rates are at big retail banks". The rates on their "Balance Rewards Money Market account is: Less than $2,500 0.35 $2,500 - $9,999 1.98 $10,000 - $24,999 1.98 $25,000 - $49,999 1.98 $50,000 - $99,999 1.98 $100,000 - $499,999 2.18 $500,000 - $2,499,999 2.37 $2,500,000 and over 2.37 Not horrible for a bank that used to offer really, really, really poor rates on savings accounts. Currently the standard savings account offers: All Balances 0.20% WOW! The erosion of your money due to inflation and taxes. Inflation for January, if you don't eat , use transportation, or heat your house was at a 3.6% annualized rate. JasonG said “I can only imagine how low rates are at big retail banks”.

The rates on their “Balance Rewards Money Market account is:
Less than $2,500 0.35
$2,500 – $9,999 1.98
$10,000 – $24,999 1.98
$25,000 – $49,999 1.98
$50,000 – $99,999 1.98
$100,000 – $499,999 2.18
$500,000 – $2,499,999 2.37
$2,500,000 and over 2.37

Not horrible for a bank that used to offer really, really, really poor rates on savings accounts.

Currently the standard savings account offers:
All Balances 0.20%

WOW! The erosion of your money due to inflation and taxes. Inflation for January, if you don’t eat , use transportation, or heat your house was at a 3.6% annualized rate.

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