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citibank step up money market account

Something new from Citibank as of 5/16/05. Rate in newspaper ad in large print shows 3.15% or at least it showed that amount on 5/16/05. Local branch opens a money market for me at that interest rate or so they tell me. Comes today I receive May statement it shows interest from 5/16 to 5/31 at 2.80 and apy 2.84% I go to branch and they tell me When I opened account in small print of ad I should have been told rate was 2.8% not 3.15%. Rate in large print 3.15% is if you keep your money in CitiBank for a year, a whole year, average rate will be 3.15%. That is what a step up money market account is called. What I call it is a Liquid CD or be sure to read fine print when you deposit your money with Citibank.

Reply to
benstern
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And I'm trying to figure out what this has to do with Quicken?

Reply to
Andrew

Oh Andrew, we periodically discuss various banks in this group, even when the topic is not directly related to Quicken. I, for one, am grateful for the info.

Regards,

Margaret

Reply to
Margaret Wilson

OK Margaret - I'll give you this one. If I were crabby, I'd say that one should have learned to read the fine print before agreeing to give anyone your money, but I won't. I suppose it is marginally related to Quicken as (at least) it's financial related.

Perhaps you'd agree at the least it might have been better posted it with 'OT' in the title as an 'off-topic'?

Reply to
Andrew

OK, I'll give you the "should have been posted with OT" in the subject. :-)

Regards,

Margaret

Reply to
Margaret Wilson

Then we're at peace, the world has it's karma, and my weekend is complete. If it weren't Sunday night (being work tomorrow), I'd REALLY be a happy man now.

Reply to
Andrew

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