| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 64.1 | HIGHER RISK = HIGHER INTEREST | 25217::DEVIVO | Paul DeVivo @VRO, DTN 273-3166 | Wed Oct 21 1987 17:38 | 7 |
| I don't knowanything about the Clinton Savings Bank, but a few weeks
ago the Yankee Bank in Boston was offering a similar CD. I heard
a few days ago that their affairs were taken over by the Boston
Five Cents Saving Bank as requested by the FDIC.
The upshot is that a bank in trouble has difficulty attracting capital,
and must offer a high interest to offset the risk.
|
| 64.2 | Six Month CD Rate | 57579::BAUMEISTER | | Mon Nov 02 1987 10:03 | 5 |
| I found an 8% CD rate at the Heritage Credit Union, offices located
in Pepperell, Ashby, Lunenburg and Townsend. The minimum if $10,000
for six months. I thought this was an excellent rate.
|
| 64.3 | | SMAUG::FLOWERS | IBM Interconnect Eng. 226-7716 | Mon Nov 02 1987 10:59 | 9 |
| > I found an 8% CD rate at the Heritage Credit Union, offices located
> in Pepperell, Ashby, Lunenburg and Townsend. The minimum if $10,000
> for six months. I thought this was an excellent rate.
Excellent - not really - but not bad. I just started a 6 mos CD at a
local bank for 7.9% (8.3 effective rate) with only a $100 minimum.
|
| 64.4 | 8% simple interest | 29836::MENNE | | Thu Nov 05 1987 16:51 | 2 |
| New England AllBank,Gardner and surrounding towns,6 mos CD,100$
minimum, 8% simple interest,payable at maturity.
|
| 64.5 | CD rates, revisited | CADSYS::RITCHIE | Elaine Kokernak Ritchie, 225-4199 | Wed Jan 04 1995 14:51 | 21 |
| Let's hear it for DCU! Back in November (note 694.257) I commented
that I had been able to get a CD by mail for a good rate from a bank
in Worcester. Then DCU raised some CD rates. The only way you could
find out was by visiting a branch, or by calling the INFO line. I was
depressed that DCU could not toot its horn, so some of the folks
leaving for other financial institutions would take another look.
Then over Christmas, it happened. I got the special limited time offer
for an 8 month CD, $1500 min, 5.75% APY, with a _postage_paid_return_
envelope!
I hope everyone got one of these, so all can consider it. Something
like this may kill the capital ratio. But once you get people thinking
that our rates are worth considering, maybe they'll notice DCU is worth
considering for other business.
Keep it coming!
:-)
Elaine
|
| 64.6 | Nope not here... You must be a Relationship member ;-.] | SSDEVO::RMCLEAN | | Wed Jan 04 1995 16:36 | 1 |
| Not bad but I haven't heard a word about this one!
|
| 64.7 | U.S. Postal service and the Holidays | VMSVTP::S_WATTUM | OSI Applications Engineering, West | Wed Jan 04 1995 16:42 | 2 |
| I just got my CD letter in the mail yesterday; the deadline for the offer
is 13 Jan (as I recall).
|
| 64.8 | Wonderful | SSDEVO::RMCLEAN | | Wed Jan 04 1995 16:55 | 1 |
| Great out here I might get it by the 14th.
|
| 64.9 | beat by a bank, yet | NPSS::BADGER | Can DO! | Thu Jan 05 1995 07:44 | 3 |
| Not, bad, too bad I bought the kids CDs at a local bank:: $500 min!
$1500 min still is against scum bag savers. perhaps aimed at upscale
buyers.
|
| 64.10 | | WRKSYS::SEILER | Larry Seiler | Thu Jan 05 1995 14:21 | 4 |
| And how did the rates compare? DCU was "beat" on the minimum amount
to open the CD, but were they "beat" by both the minimum and the rate?
Larry
|
| 64.11 | Not really | SSDEVO::RMCLEAN | | Thu Jan 05 1995 14:51 | 1 |
| Not out here. We have currently seen 6% at World Savings on a 7 month.
|
| 64.12 | Yes, but... | GLRMAI::HICKOX | N1KTX | Sun Jan 08 1995 22:18 | 10 |
|
A lot of banks are offering in the 7%+ range on 6-12 mos as of
this week. With the Fed expected to raise interest rates again in
the next few weeks the banks want to lock everyone in on lower rates,
maybe that's why they set the short deadline. Haven't got my mailing
yet, but think it might be advantageos to hold off for a month. IMO.
Still its better than 2-3% if it just sitting in savings anyway.
Mark
|