I just checked the [bank name removed] rate and found "11 month CD rate 0.15%" -- which is amazingly low, even in today's environment, and would explain your situation. The 1% rate I mentioned before was from Ally. That's a very big difference. It pays to shop around even when it comes to savings accounts and CD's, since there's a big variation in what different banks pay. A lot of "high yield" (laughable term, but everything is relative) savings alternatives are available from online banks like Ally.
PS--Cross posted with your last. So, you thought they would go ahead and pay you more interest than they said they would in the name of customer relations? Really?
Last edited by Roger Slater; 04-30-2012 at 06:39 AM.
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