Showing posts with label Interest. Show all posts
Showing posts with label Interest. Show all posts
Wednesday, February 20, 2013
Showing Interest
Sunday, September 16, 2012
I'm Not Interested
Friday, September 24, 2010
The Recession Is Over
When you are offended at any man's fault, turn to yourself and study your own failings. Then you will forget your anger. (Epictetus in One Day At A Time in Al-Anon, 23 September)
Recently the federal government announced that the recession has been over for some time. If you believe this you haven't done your homework. Consider this. If you have $15,000 to put into a bank or credit union how much will you have at the end of one year? Here are three results from a calculator I used on the Wallet Pop website. What does the bank mean when their employees say, "We want to help you out?" Would you be willing to loan me $15,000 for one year if I paid you back $15,008?
Bank savings account at 0.05% interest - $15,008
Bank Certificate of Deposit at 0.45% interest - $15,068
Credit Union Certificate of Deposit at 2.13% interest - $15323
For further information on whether the recession is over you might enjoy reading the September 23, 2010 column of Washington Post writer Michelle Singletary.
The Washington Post:
http://www.washingtonpost.com/wp-dyn/content/article/2010/09/22/AR2010092205546.html
Mr. Dickie
24/Sep/2010 8:12
******
Recently the federal government announced that the recession has been over for some time. If you believe this you haven't done your homework. Consider this. If you have $15,000 to put into a bank or credit union how much will you have at the end of one year? Here are three results from a calculator I used on the Wallet Pop website. What does the bank mean when their employees say, "We want to help you out?" Would you be willing to loan me $15,000 for one year if I paid you back $15,008?
Bank savings account at 0.05% interest - $15,008
Bank Certificate of Deposit at 0.45% interest - $15,068
Credit Union Certificate of Deposit at 2.13% interest - $15323
For further information on whether the recession is over you might enjoy reading the September 23, 2010 column of Washington Post writer Michelle Singletary.
The Washington Post:
http://www.washingtonpost.com/wp-dyn/content/article/2010/09/22/AR2010092205546.html
Mr. Dickie
24/Sep/2010 8:12
Thursday, September 23, 2010
Management
For most of us, thought management is, well, unthought of. (Max Lucado, Grace For The Moment, 21 September)
This morning I continued working on my project to simplify our banking business. This is necessary because most banks are no longer paying fair interest rates. In my opinion they are using our money almost for free. Many banks also declare certificate of deposit accounts as abandoned if we let them roll-over for several years. They don't do anything to confirm that that the customer has truly abandoned the money. I'm resentful of the way we are being treated and I'm determined to close such accounts as soon as possible.
Mr. Dickie
23/Sep/2010 14:26
*******
This morning I continued working on my project to simplify our banking business. This is necessary because most banks are no longer paying fair interest rates. In my opinion they are using our money almost for free. Many banks also declare certificate of deposit accounts as abandoned if we let them roll-over for several years. They don't do anything to confirm that that the customer has truly abandoned the money. I'm resentful of the way we are being treated and I'm determined to close such accounts as soon as possible.
Mr. Dickie
23/Sep/2010 14:26
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