frodofreda said:legab25 said:MMinjin said:legab25 said:Good news, they have increased their interest to 2.20%.
I just opened an account with the $50 bonus by switching from Virtual Bank.

Where do you see 2.2%? Both their main website and the promotion list 2.15%.

Mark

right there: http://www.metlifebankatwork.com/index.do?UISCode=1234567&Type=ATW

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the link is dead...

No it is not dead. It was temporarily unavailable.

pureallspice said:I have 50,000 in savings and getting .6% interest. Any ideas what to do with it?

Vegas?
Well, what do YOU want to do with it? If you can afford to lose some of it, invest in stocks and mutual funds. If you don't need the money any time soon, put it into CDs or bonds (depending on your tax situation). If you are likely to need the money soon, Superior Savings' 3% may beat breaking a CD early. Just put the money into ING Direct or Virtual Bank until January 2, when Superior Savings will announce their rates for the next six months.

EugeneV said:pureallspice said:I have 50,000 in savings and getting .6% interest. Any ideas what to do with it?

Vegas?
Well, what do YOU want to do with it? If you can afford to lose some of it, invest in stocks and mutual funds. If you don't need the money any time soon, put it into CDs or bonds (depending on your tax situation). If you are likely to need the money soon, Superior Savings' 3% may beat breaking a CD early. Just put the money into ING Direct or Virtual Bank until January 2, when Superior Savings will announce their rates for the next six months.

Thanks! I just opened an acct at INGDirect. It was quick and easy. The interest rate is now 2.25%

Does MetLife also do a hard pull if you sign up for the High-Yield Savings?

Anyone know if GMAC does a hard pull when you sign up for Money Market?

Signed up by phone using the CPD19 code on Friday, 12-17-04. The CSR said 5k was the amount to qualify for the $50 bonus as stated in the USA TODAY ad. No URL found for that deal though. Was told to expect a welcome package from Metlife Bank in 5~7 business days and would have to send back the check to fund the account afterwards.

As Valentino stated, offer expires 1/31/05. Because of the lower minimal balance, the CPD19 offer appears to be better, to me at least.

Has anyone successfully applied online with the new CPD19 code yet? I'm about to fund my initial deposit and just want to make sure $5k is enough for the $50 bonus ($5k to open, $5 to maintain for 90 days).

Thanks

I just received my $50 bonus from MetLifeBank, almost exactly 90 days after the deposit posted. Interest also posts regularly on the month anniversary of your funding date, instead of the end of the month. I wish this bank was listed in Yodlee, but oh well.

Also, I saw in today's paper another ad, with a $5,000 min opening (vs. $10,000 I've seen):

Call 1-800-869-3813. Mention code CPD28. (edit: expires 3/15/05)

Now to decide if it's worth keeping...

--
jonathan@mymoneyblog.com

From the Raleigh News & Observer:

Call 1-800-869-0507 or go to www.metlifebank.com by 04/15/05 to open your account. Mention Offer Code CPD41.

Same terms as above.

Small bump to 2.55% APY

$50 bonus and 3.00% APY on $5,000+ for 90 days. (Effective 7% on $5000 for 90 days). You can do the same for each family member.

Balances $5,000+ earn 3.00% APY. $50 bonus, you must deposit at least $5,000 of new funds in your new MetLife Bank Money Market account by 5/31/05 and maintain a minimum balance of $5,000 for 90 days. One bonus per customer.