Received news from my bank that starting this month, the interest rate for my debit card account goes from two-and-a-half percent to one-and-a-half percent for the first $15,000. I'm not happy at all about this. This is the only place us regular folk can earn anything even approaching a decent interest rate any more.
The only reason I got a debit card was for the interest. If it drops another one percent, I'm going to drop it altogether.
The government sticks it to us so that the GRBs can have plenty of money to invest so they can get 20-30% return on their investments. After all, it was the GRBs that got us into this economic funk in the first place, now, we have to give them the chance to get the money back. Supposedly, they will reinvest and make jobs for regular folk, but mostly, they just keep it.
Come On, At Some Time the Government Needs to Do Something for the Regular Folks. --RoadDog
Being an account of some things I'm interested in, what I'm doing, and reflections on my past, especially music.
Listen to this man. Seven years of college, you know. Trying to reason with 2020 and, now, 2022.
Showing posts with label interest. Show all posts
Showing posts with label interest. Show all posts
Wednesday, August 1, 2012
Wednesday, July 27, 2011
OK, It's Official, I'm a Debit Guy Now
And not because I wanted to be, but monetarily, it is better that I be one. My bank has a deal where if I use the debit card or checks 12 times in a month and have one electronic deposit or payment plan, I will get 3.01% interest for up to $25,000 and .50% for money above that. Sure beats getting .15% in the regular banking account.
So, I didn't want to, but....
Of course, I had a hell of a time getting both into the bank account and the bill payment account. Even though I signed up for it before July 4th, I was only able to get into the whole debit thing starting this last Monday. Nothing with this new technology is EVER EASY for me.
'However, I used the old debut card three times Monday, three times yesterday and four times today, so reaching my twelve times each month shouldn't be a problem.
However, it does cut into my GM Card earnings, but 3.01% is just too much of a deal in these days of minuscule interest, all to help the GRBs make more money.
GROANERS: It's SO H-O-T. How hot is it? It's so hot that two baseball players are fighting over a fan.
So, I didn't want to, but....
Of course, I had a hell of a time getting both into the bank account and the bill payment account. Even though I signed up for it before July 4th, I was only able to get into the whole debit thing starting this last Monday. Nothing with this new technology is EVER EASY for me.
'However, I used the old debut card three times Monday, three times yesterday and four times today, so reaching my twelve times each month shouldn't be a problem.
However, it does cut into my GM Card earnings, but 3.01% is just too much of a deal in these days of minuscule interest, all to help the GRBs make more money.
GROANERS: It's SO H-O-T. How hot is it? It's so hot that two baseball players are fighting over a fan.
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