Quote:
Originally Posted by savingtaker
I'm amazed that OneUnited is still at 5.3%. I'm going to wait a couple weeks and see if it stays and jump on it if it continues to be at that rate.
Makes you wonder why they're so desperate for cash that they're willing to pay that much over market rates.
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That's quite assumptive. OneUnited, by all accounts that I am aware of, is a solid institution with no indications of being "desperate for cash."
Perhaps they recognize that paying out 5.3% will keep their current accounts in place and gain them many new accounts as well. Maybe they are simply waiting to see what happens with other rate offerings before lowering theirs. Or perhaps they are just slow to react.
OneUnited has been offering a top rate for quite some time and has held steady at 5.3% even through all the recent drops. I wouldn't count on that holding up much longer, however, simply because they can drop their rate and still be the top offering.
I don't disagree that it is odd for them to hold their rate so comparatively high, I just don't necessarily come to same conclusion that it represents something negative about the bank.