$1000 10% cd June 8 and 9

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OK, the link doesnt seem to show it, but call the phone number, it was in today's Mercury News Business section.

Meriwest 10%

PS. The ad says you need to open a checking account.

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cameron2003 said: OK, the link doesnt seem to show it, but call the phone number, it was in today's Mercury News Business section.

Meriwest 10%

PS. The ad says you need to open a checking account.


1 month, 6 months, 10 years?

Also assume it is 1 year. I wonder how many people will jump on this deal who wouldn't jump on a $40 sign up bonus. That is all you are left with assuming you can get 6% easily anyway.

Looks like it is only available at a specific branch in San Jose:

* Annual Percentage Yield (APY) is valid for the stated term of the certificate. The minimum and maximum balance to open the account and earn the stated APY is $1,000. Limit one term share certificate per new member. Penalty for early withdrawal. Does not qualify for 0.25% Relationship Advantage certificate rate bump. Current members must refer a new member. Certain restrictions apply. Contact the Credit Union for complete details. New membership and new checking account required. Funds must originate from non-Meriwest accounts only. Limited time offer valid only on June 8-9, 2007, and available only at the River Oaks Financial Center. Membership is required with a one-time, non-refundable $5 fee.

Promo Link

ScootyPuffSr said: cameron2003 said: OK, the link doesnt seem to show it, but call the phone number, it was in today's Mercury News Business section.

Meriwest 10%

PS. The ad says you need to open a checking account.


1 month, 6 months, 10 years?

Also assume it is 1 year. I wonder how many people will jump on this deal who wouldn't jump on a $40 sign up bonus. That is all you are left with assuming you can get 6% easily anyway.


"Membership is required with a one-time, non-refundable $5 fee."
$40
-$5
_____
$35

Porqin said:

"Membership is required with a one-time, non-refundable $5 fee."
$40
-$5
_____
$35


Correct me if I am wrong.

1000 *1.10 = 1100;
100 * 0.35 (tax assumed at 35%)
=============================
Total gain = 65 - 5 (fee) = 60$

I dont think I can be bothered to drive down to San Jose for 60$ paid after a yeear, and I live 30 miles away.

markol0 said: Porqin said:

"Membership is required with a one-time, non-refundable $5 fee."
$40
-$5
_____
$35


Correct me if I am wrong.

1000 *1.10 = 1100;
100 * 0.35 (tax assumed at 35%)
=============================
Total gain = 65 - 5 (fee) = 60$

I dont think I can be bothered to drive down to San Jose for 60$ paid after a yeear, and I live 30 miles away.


You missed the point entirely.

We were not calculating "total gain" as you did. We were calculating the marginal benefit versus putting the money in a 6% savings product.

DeanaCal said: ...
Current members must refer a new member.
...


So who is going to refer who....

any bank offers 6% apr?
It's like only 5.2% around.

telflonmail said: DeanaCal said: ...
Current members must refer a new member.
...


So who is going to refer who....

Good question! From my reading, "Limit one term share certificate per new member." ... "Current members must refer a new member." It sounds if you are NOT a member, and want to open this account, then a current member must refer you.

They have a 5 star rating from Bauerfinancial.com......looks like all the flights
to San Jose will be filled with senior citizens locking in their 10%.

Accounts must be opened at the branch. One must take into account the standard $0.445 per mile driving expenses (reimbursement rate).

bmechen said: any bank offers 6% apr?
It's like only 5.2% around.

FNBO Enjoy.

Tytie

markol0 said: I dont think I can be bothered to drive down to San Jose for $60 paid after a year, and I live 30 miles away.
Agreed.

Tytie

TYTBUDGET said: bmechen said: any bank offers 6% apr?
It's like only 5.2% around.

FNBO Enjoy.

Tytie


and don't forget Everbank 6.01% for 3mos. on FreeNet checking account

They will be closing next month... hehe



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