Conference 7.286::dcu

    Since I just called them for their rates, I will post the information
    here.  The tape was last updated on 2/23/89.
    
    Interest	Term		Minimum		APR
    9.99%	3 mos - 1 year	$99,000		10.50
    8.50	3 mos		$10,000		 8.87
    7.60	3 mos		$ 5,000		 7.90
    8.40	6 mos		$ 5,000		 8.76
    9.05	1 yr		$ 5,000		 9.47
    9.25	2-6 yrs		$ 5,000		 9.69
    7.90	6 mos		$   100		 8.22
    8.80	1 yr		$   100		 9.20
    9.00	2-6 yrs		$   100		 9.42
    5.10	checking	$ 1,000 minimum	 5.23
    6.30	RSVP				 6.50
    8.10	IRA			 	 8.44
    5.75	Savings & Clubs			 5.92
    
    Hope this is helpful to someone.
    Cathy

from 157.1
>                            -< Rates as of 2/23/89 >-
>    
>    Interest	Term		Minimum		APR
>    5.10	checking	$ 1,000 minimum	 5.23
>    5.75	Savings & Clubs			 5.92

     I always thought that this was backwards!  Less interest paid on
     the checking account which requires a minimum balance of $1,000.
     Not too long ago, the checking account paid more and didn't require
     a minimum balance.

     Don

    The checking account (Share Draft Account?) used to have 6-1/2%
    interest on balances greater than $500, compounded daily, credited
    quarterly.  When did this change?  Does anyone recall receiving
    official notification?

    /Ed

    Re .2
    
    That's what I thought too.  As a matter of fact, when I found out
    that the sharedraft account was actually paying more interest, I
    moved all of my funds into the sharedraft account and just left
    the $5 minimum in the savings.  What this tells me is that I will
    have to keep checking to see which account is actually paying more,
    and just switch the money into that account. If I want to write
    a check, I can still write it, and just do the transfer over the
    phone or at the ATM.  It seems like a pain, but if DCU wants to
    play these games with changing which account gets more interest,
    I'm willing to keep switching the money.
    
    

    Thanks Cathy.  
    
    FYI the rates are now being tracked in note 159.
    
    

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Note 159.3                RESERVED - CURRENT DCU RATES                    3 of 3
ATSE::BLOCK "With a mind of magic & a magical mind"  10 lines  30-MAR-1989 15:12
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	I just checked VTX, and after finding the DCU page (not easy!) saw
	nothing about rates.  Are they only going to post them once in a 
	while?

	I considered posting this under 157, but that didn't seem to make 
	much sense.  Nisreen, feel free to move or delete it without notice.

	Beverly

    Some field sites (like ours) don't have LiveWire yet.

                 <<< BEIRUT::DUA2:[NOTES$LIBRARY]DCU.NOTE;3 >>>
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Note 159.3                RESERVED - CURRENT DCU RATES                    3 of 3
NEWVAX::PAVLICEK "Zot, the Ethical Hacker"            8 lines   6-APR-1989 15:17
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    Cannot locate DCU rates in Livewire in Washington DC.  It may be
    a regional implementation.  I cannot seem to get to GMA Livewire
    anymore either.
    
    By the way, the rates have changed since .1 (according to the DCO
    branch of DCU).
    
    -- Russ

    DCU rates are NOT competetive at all.  They used to be pretty good, but
    they've gone DOWN when the industry rates are going UP.  As of a couple
    weeks ago, the RSVP account was paying 6.3% (Annual yield=6.5%) and the
    checking was paying 4.9% (yield 5.02%), with a minimum balance of
    $1000.
    
    Dean-Witter Sears Liquid Assets is paying 9.42% (that's the Annual
    yield) right now.  I believe they only have a $1000 minimum.  Sure,
    it's not quite as convenient as a checking account.  Minimum deposit is
    $100, minimum withdrawal is $500, but I can write checks for the
    withdrawal.  That's the way I use the RSVP account, anyway.  I intend
    it more for long-term savings than daily use.
    
    I've noticed something very interesting lately...  The balance in my
    RSVP account has been decreasing, and the balance in my DWSLA account
    has been increasing.

    	Any idea what the rates are now?  CD, mortgage, checking, &
    new car loan?  Thanks
    
    Keith

                                                        
    First mortgage rates as of last Friday were quoted to me as follows:
    
    	10 percent - two and one half points
    
    	10 and one eighth percent - one and one half points
    
    	10 and one fourth percent - three quarter points
    
    Cindy

I just got my quarterly statement from another CU I belong to, and believe it
or not, they have worse rates than DCU.  For example, their money market account
with a balance of $2.5K to $5K is paying a whopping 5.15% APR interest,
compounded monthly, credited quarterly.

Bob

Well, I stopped by my local branch today, and I was thrilled to see we've
finally increased savings rates!  Yippee!  Perhaps not the highest in the
country, but they look better to me.  I'm waiting for VTX Livewire to get the
update so I can do a hard comparison.

Elaine