Quote:
Originally Posted by weissheit
Redneck's online savings APY was 3.1%, not a "sucker's rate" in my book regarding current market forces. But it was a rate designed to capture market share and deposits, and once their goals were met, the APY always comes down. I've seen it happen too many times to keep chasing rate.
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I never understood the point the rate chasing in this environment. All the banks are gradually lowering their interest rates.