OK, so here is a good example of what I was writing about up thread. Ken just posted this new “high rate” deal for a one year CD, available nationwide:
Who would want this deal? Not me.
So there you have a one year CD deal at 2.55%. But those of us with NBD accounts can realize 2.26% and safeguard coveted dry powder at the same time . . . . like eating your cake and having it, too.
The tiny pickup in income is insufficient, in my view, to induce surrender of dry powder which could prove VERY important this fall. You want my dry powder? Well you need to pay me at least 1% over the interest rate I’m already being paid!