Lcal Banks - Very Competitive Interest Rates for Deposits

**freewheat** · May 5, 2016, 08:37

So .15 instead of .05? lol

**sumdumguy** · May 5, 2016, 08:57

No Free, actually, I have been getting 1.85 daily interest since November. Today I am going to see about the 3 times thing. Going to be intersting how they dance around that e-mail. I will let you know what I find out.

**Guest** · May 5, 2016, 09:09

thanks sumdum , whose that with ?

**freewheat** · May 5, 2016, 09:33

Twas being tongue in cheek a bit there. close to six wouldn't be bad...

**farmaholic** · May 5, 2016, 10:00

Originally posted by sumdumguy View Post

Yesterday received e-mail offering triple the rate offered at any other bank for three months. And many offers of higher than posted rates at many others. Cash is in demand.

I think that was for minimum million dollar deposits. I don't get those emails. Lol. Wink, wink, wink.......sdg.

**cottonpicken** · May 5, 2016, 10:27

They are either trying to raise their tier one reserves because they are to low and defaults are to high or more people are trying to borrow money

**iceman** · May 5, 2016, 16:33

Wise guy, that 10 dollars a day you're collecting from that Penal Colony you live in wouldn't increase a hell of lot at 7% interest rates.

Iceman now rack me

**agchat** · May 5, 2016, 20:40

CIBC has been doing that for awhile too. Did one last fall with them from Nov.1 till March 31. 1.75% on E Advantage for anything put in and stay above account balance as of Oct 31. Guess if you can do alot it slowly adds up.

**farmaholic** · May 5, 2016, 21:25

What's inflation running at these days?

Like patronage equity tied up in a Co-op..... inflation eats away at the value of that money. What would have 10K bought in 1980 versus today?

Lcal Banks - Very Competitive Interest Rates for Deposits