Friday, October 12, 2007

Losing Interest

I've had my money in a high-interest savings account for a while now. It's a good way to earn money without too much effort.

The interest I was earning, that is, until today, was 5.05%, which makes it one of the highest in the nation. But then, the Fed rate dropped and this has impacted various banks, including mine. Here's the a blog about it.

I suppose it's still pretty high, but it's surprising I wasn't notified by the bank. Presumably, it's not something they want to wave the flag about.

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