What are you thinking about Part VII

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ChicagoBlue2 said:
Chase and BOA are two I can think of.
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no. those banks have very low yield. so low that it's insulting :lol:
 
If you can put money and your wallet and not touch it, can't you just as easily put money in your checking account and not touch it as well? :hmm:

The only reason I have a savings account is because I have them automatically take X amount of money out of my checking account each month and put it in my savings so I don't notice it. Before I know it, I have all this extra money in there! :D Surprise! :D

Yes, that is a promotional add, definitely not telling you it costs $2000 to open a savings account. If everyone had to have $2000 to open a savings account, I'm pretty sure they wouldn't have many customers at that rate. :shock:
 
Jiro said:
no. those banks have very low yield. so low that it's insulting :lol:
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Anything about BoA is insulting....

I am with Chase not for their interest, but my low interest rates. :P I keep my savings in credit unions, they usually have the biggest return on interest with savings accounts. :P Surprisingly, Chase had the lowest interest rates with all of my loans... even lower than my credit union.... :jaw: :shock: Couldn't really pass it up, so I stay... for now... :P
 
Jiro said:
no. those banks have very low yield. so low that it's insulting :lol:
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Hmm. Maybe times have changed? :dunno: I remember that a CD had a high interest rate, but maybe not these days?
 
SilverRoxy said:
You never had problem until now right? Sounds like an advertisement to me.
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it is a promotional email.... it's not a problem. just an annoyance :lol:
 
ChicagoBlue2 said:
Hmm. Maybe times have changed? :dunno: I remember that a CD had a high interest rate, but maybe not these days?
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that's different. CD and Saving Account are 2 different things. CD does have a higher yield than saving account but it comes with early withdrawal penalty fee if you withdraw it within less than 6 months (or whatever their policy is).

these types of accounts are only worthwhile for you if you have $$$$$$$ to put aside like over $2,000... or better - over $5,000. Leaving a piddly amount like $200-500 in those kind of account is not even worthwhile unless you do get excited over some 25 cents profit in one year.
 
Mewtilation said:
Anything about BoA is insulting....

I am with Chase not for their interest, but my low interest rates. :P I keep my savings in credit unions, they usually have the biggest return on interest with savings accounts. :P Surprisingly, Chase had the lowest interest rates with all of my loans... even lower than my credit union.... :jaw: :shock: Couldn't really pass it up, so I stay... for now... :P
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lol hey I love my BoA. no problem with them so far. I just love its ubiquity of ATMs :lol:

for interest... I put my money in mutual funds and 401K. got a much much higher yields but then.... I can't touch it till I'm a retired old fart except mutual funds although I'll have to report my profit to G-Men :lol:
 
Jiro said:
that's different. CD and Saving Account are 2 different things. CD does have a higher yield than saving account but it comes with early withdrawal penalty fee if you withdraw it within less than 6 months (or whatever their policy is).

these types of accounts are only worthwhile for you if you have $$$$$$$ to put aside like over $2,000... or better - over $5,000. Leaving a piddly amount like $200-500 in those kind of account is not even worthwhile unless you do get excited over some 25 cents profit in one year.
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That's what I thought. And for the amount needed for Chase, it's $5,000 or more.
 
I feel buzzed close enough to being drunk. I am feeling frisky. I wish my good friend stayed at my place longer! :(
 
Jiro said:
lol hey I love my BoA. no problem with them so far. I just love its ubiquity of ATMs :lol:

for interest... I put my money in mutual funds and 401K. got a much much higher yields but then.... I can't touch it till I'm a retired old fart except mutual funds although I'll have to report my profit to G-Men :lol:
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Oh of course, have to have the 401K! :P
 
Jiro said:
lol hey I love my BoA. no problem with them so far. I just love its ubiquity of ATMs :lol:

for interest... I put my money in mutual funds and 401K. got a much much higher yields but then.... I can't touch it till I'm a retired old fart except mutual funds although I'll have to report my profit to G-Men :lol:
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Not always, my nephew took $10k out of his 401k to buy a used SUV and catch up on some bills but he has to pay that amount back but no interest.
 
ncff07 said:
Not always, my nephew took $10k out of his 401k to buy a used SUV and catch up on some bills but he has to pay that amount back but no interest.
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$10,000 is a LOT to pay back. I know an acquaintance who didn't care about overdrafts and still withdrew money, and now that person owes the bank more than $7,000 in overdraft fees.
 
ncff07 said:
Not always, my nephew took $10k out of his 401k to buy a used SUV and catch up on some bills but he has to pay that amount back but no interest.
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Yes, I can borrow against my 401K with no interest as long as I pay it back within a certain time frame as long as I don't take it all out. If I cash it out early there is a penalty though... and it's retarded high. ( Not happening anyway ) I wouldn't borrow against it either, personally... That's my retirement, leave it be! :P I put additional in it, my company matches X% ect ect... but I would try to avoid borrowing or withdrawing ever ever ever.... ever... :shock: Ever...
 
ncff07 said:
Not always, my nephew took $10k out of his 401k to buy a used SUV and catch up on some bills but he has to pay that amount back but no interest.
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oh yea that's right!
 
ChicagoBlue2 said:
$10,000 is a LOT to pay back. I know an acquaintance who didn't care about overdrafts and still withdrew money, and now that person owes the bank more than $7,000 in overdraft fees.
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what a stupid stupid stupid person.... *smh*!!!!!!!!!!!!!
 
Mewtilation said:
Yes, I can borrow against my 401K with no interest as long as I pay it back within a certain time frame as long as I don't take it all out. If I cash it out early there is a penalty though... and it's retarded high. ( Not happening anyway ) I wouldn't borrow against it either, personally... That's my retirement, leave it be! :P I put additional in it, my company matches X% ect ect... but I would try to avoid borrowing or withdrawing ever ever ever.... ever... :shock: Ever...
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I think the penalty rate is 50% or somewhere around :hmm:
 
What a stupid stupid bank to let them keep withdrawing money... What bank allows you to keep withdrawing money when you overdraft?! Seriously, I've never heard of a bank that will just keep letting you withdraw once in the negative....
 
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