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CD Rate Negotiated

April 27th, 2009 at 07:19 pm

Last week my WAMU/Chase CD matured. It had been earning a rate of 4.17% and now that rates are much lower, I knew I'd be lucky to get even 2%... and Chase is currently offering 1.75% for a 12-month CD. It never hurts to ask, so about a week before the maturity date I met with the manager and asked about the best rate Chase could offer. I told her I would invest the funds with the bank that gave me the best rate. She said to give her a day or two to look into the options. When she called me the next day, she said Chase could offer me a "promotional" rate of 2.25% for 12 months. I like the convenience and proximity of this branch, so I accepted.

Posted in Investments | 3 Comments »

3 Responses to “CD Rate Negotiated”

  1. Ima saver Says:
    April 27th, 2009 at 10:08 pm 1240870089
    1240870089

    I have two c.d.'s coming due in the next 7 days, so i am shopping for a good rate too. I'll let you know how I do.

  2. Aleta Says:
    April 27th, 2009 at 10:53 pm 1240872786
    1240872786

    You are absolutely right. All they can say is no. I had a situation recently where I was overcharged for a service for a satellite company and I ended up with 3 months of Showtime free and the Xtra HD pack for 6 months. I didn't expect what they gave to me. It's always best to ask as you did. Good job!

  3. savvy Says:
    April 28th, 2009 at 02:13 pm 1240928014
    1240928014

    You're right that it never hurts to ask. Kudos for getting a good deal.

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