| Quick navigation: | Deposit accounts | Credit cards | Brokerages | Other bonuses | Referral exchange |
|
|
the carnage has begun......
Started by ichaelm, Sep 27 2007 01:10 AM
1 reply to this topic
#1
ichaelm
-
- Admin
- 1,069 posts
1 billion bucks
- Location:Bethesda Md.
- Interests:bank and card bonuses, credit arbitrage
Posted 27 September 2007 - 01:10 AM
For those of us playing the credit card arbitrage game, this is going to hurt. This morning, FNBO, which has been paying a whopping 6% APY on its online savings accounts since last May, lowered the rate to 5.05%, beginning on Friday. HSBC followed suit by slashing its rate from 5.05% to 4.50%. When the Federal Reserve lowered the prime by 1/2% last week I feared that something like this was going to happen.
#2
boyydz
-
- Members
- 8 posts
New Member
Posted 28 September 2007 - 03:45 PM
Yes, and ING Direct dropped to 4.30% APY. Countrywide is still hanging in there at 5.50%.
AmTrust Direct dropped to 5.21% APY last Friday, another 10 BP off the 5.31% they dropped to from 5.36% a few weeks ago.
Glad I locked in some CD rates in the 5.50-5.70% APY range 10 days ago!
AmTrust Direct dropped to 5.21% APY last Friday, another 10 BP off the 5.31% they dropped to from 5.36% a few weeks ago.
Glad I locked in some CD rates in the 5.50-5.70% APY range 10 days ago!
