Comments on: Worst Rate of the Week: There’s nothing “high-yield” about 0.10% http://www.bankaholic.com/finance/worst-rate-of-the-week-theres-nothing-high-yield-about-010/ Blogging about personal finance, foreclosures, mortgages, interest rates, and budgeting. Wed, 18 Nov 2009 03:45:46 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Allen S http://www.bankaholic.com/finance/worst-rate-of-the-week-theres-nothing-high-yield-about-010/comment-page-1/#comment-27467 Allen S Fri, 23 Oct 2009 01:15:02 +0000 http://www.bankaholic.com/finance/?p=586#comment-27467 You could probably add Washington Trust Bank in Spokane, WA, to this list. "Platinum money market" rate of 0.10% on balances up to $10k. Their top-tier checking, "Platinum checking" is even better: 0.05% on balances up to $10k. What a joke! You could probably add Washington Trust Bank in Spokane, WA, to this list. “Platinum money market” rate of 0.10% on balances up to $10k. Their top-tier checking, “Platinum checking” is even better: 0.05% on balances up to $10k. What a joke!

]]> By: Mike M http://www.bankaholic.com/finance/worst-rate-of-the-week-theres-nothing-high-yield-about-010/comment-page-1/#comment-22189 Mike M Tue, 05 May 2009 19:18:12 +0000 http://www.bankaholic.com/finance/?p=586#comment-22189 It could be worse - After a few months there where using I bonds as short term savings instead of 1 year CDs guaranteed higher rates of return, the treasury has changed their rates. Now for 30 years, they'll guarantee 0.1% + inflation. Oh, since inflation was negative the last six months, that means that if you buy an I bond, you'll get 0% for the first six months and 0.1% + inflation thereafter. I think I'll pass, and take my chances that in six months the fixed rate is no lower than 0.1% and in the meantime earn SOME interest, even if it is a pathetic amount.... It could be worse –

After a few months there where using I bonds as short term savings instead of 1 year CDs guaranteed higher rates of return, the treasury has changed their rates.

Now for 30 years, they’ll guarantee 0.1% + inflation. Oh, since inflation was negative the last six months, that means that if you buy an I bond, you’ll get 0% for the first six months and 0.1% + inflation thereafter.

I think I’ll pass, and take my chances that in six months the fixed rate is no lower than 0.1% and in the meantime earn SOME interest, even if it is a pathetic amount….

]]> By: itsnotademocracy http://www.bankaholic.com/finance/worst-rate-of-the-week-theres-nothing-high-yield-about-010/comment-page-1/#comment-22152 itsnotademocracy Mon, 04 May 2009 16:47:23 +0000 http://www.bankaholic.com/finance/?p=586#comment-22152 What message does this send? Under no circumstances save your money! The policies in America seem only to want to push people to be borrowers. All the policies and 'fixes' the government talks about are aimed at 'getting the credit markets going again'. What about encouraging people to actually save their money!? Rates like this are an OUTRAGE! Keep up the name and shame - Bankaholic!!! What message does this send? Under no circumstances save your money! The policies in America seem only to want to push people to be borrowers. All the policies and ‘fixes’ the government talks about are aimed at ‘getting the credit markets going again’. What about encouraging people to actually save their money!?
Rates like this are an OUTRAGE!
Keep up the name and shame – Bankaholic!!!

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