Entries from May 2009

Liquidity concerns, and small differentiation, trumped CD rates for us again

May 31st, 2009 · No Comments

Yet again, we chose not to roll over May’s expiring 6-month CD as part of our income-replacement / emergency fund. The best rate we could find, again at a local credit union, was just 0.15% APY lower than the rate we’re getting in our savings account at FNBO Direct. And the liquidity trade-offs are worth more than that to us.

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Tags: Savings

I’m predicting a return to cash transactions

May 20th, 2009 · 1 Comment

I read a story today that really has me wondering what credit card companies are thinking: Credit Card Industry Aims to Profit From Sterling Payers. Apparently, major credit card issuers are threatening to start charging people, who pay off their bills each month, more fees for using their cards as a bargaining tactic to stave off government legislation.

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Tags: Credit Cards

FNBO Direct drops savings APY to 1.65%

May 19th, 2009 · 1 Comment

I got an e-mail from FNBO Direct’s customer service on Monday. The FNBO Online Savings Account is now earning a 1.65% APY, as of 2009.05.18. It appears I made the wrong bet last month when I decided not to renew a step of my “emergency fund” CD-ladder on the theory that savings rates were competitive with 6-month CD rates.

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Tags: Savings

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