Clear Sky Accounts
So I got an email from Chesapeake Bank 2 days ago saying that they were overwhelmed by the amount of people that signed up for their Clear Sky Savings accounts. I won't paste the whole email, but this paragraph pretty much sums it up.
"To be frank, we have been overwhelmed by deposits, and while banks are in the business of accepting deposits from customers, our capacity for any more deposits has been reached. Regrettably, that means that not only will we not be opening any new accounts, but that existing depositors will not be able to make any additional deposits into their existing Clear Sky accounts."
Those that do have money in there are guaranteed 3.75% until March 31st.
See what happens then I guess.
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