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AARP Savings and Money Market Accounts Archived From: Finance

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oldgrump said:This site isn't linked from the AARP homepage. Has anyone been able to verify this offer? It's one of those things that just looks too good to be true....

always a good question to ask.......if you open the OP link and click for the home page you get this http://www.aarpsavings.com/index.aspx

at the bottom of this home page is an interesting paragraph listing some details. Looks like AARP is using its name/reputation to gather funds for
(and getting paid for doing it) Waterfield Financial who supposedly then puts the funds in various banks. If you google Waterfield, it looks like it
somehow is in the mortgage business. Whether this is all going to work out well.......a subject for more discussion, I guess. If the money really
makes it to the banks w/ FDIC products, I guess it should be ok, but it does make you wonder why the whole country is not doing this (even Huntington's
own products are nowhere close).


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this is the last paragraph on the home page cited in the previous post:

AARP Financial Inc. makes available the AARP Financial Savings Center brought to you by Waterfield Financial Services Inc. AARP and AARP Financial Inc. receive fees from Waterfield Financial Services Inc. for AARP's license of its intellectual property and AARP Financial Inc.'s oversight of the AARP Financial Savings Center. All Checking and Money Market Savings deposit products available through the Savings Center are offered by and will be opened and processed through The Huntington National Bank. Certificate of Deposit products and services available through the Savings Center are offered by and available through Reliance Trust Company. Waterfield Financial Services Inc. contracts directly with The Huntington National Bank and Reliance Trust Company. All deposit products are issued by FDIC-insured financial institutions, and are eligible for insurance coverage to the full extent of the law.
AARP Financial Inc., its parent and affiliates have no liability for the products and services provided by The Huntington National Bank, Reliance Trust Company and Waterfield Financial Services Inc. AARP and AARP Financial Inc. have endorsed the services provided through the Savings Center but do not offer these products or services. AARP cannot recommend that you or any specific individual should purchase any particular product or service. AARP Financial Inc. is a registered investment adviser and a subsidiary of AARP.


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dolmar said:Why do you need to be 50+? Hell there was tons of people on this board who claimed to be teachers just to get a slightly higher rate from BOA even tho they were not teachers. Do you think they are going to care and not lie about there age? The difference between this savings account and next highest savings is almost 200 bps currently which was a much larger margin than 100 bps for 60 days that the NEA account gave over the AAA account.

As a joke, I applied to AARP when I was maybe 35. I simply put down an birthdate that made me 50. I sent in my $12 and they sent me all the cards and crap. I never used it for anything and let it expire after the year was up.


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talljay said:

As a joke, I applied to AARP when I was maybe 35. I simply put down an birthdate that made me 50. I sent in my $12 and they sent me all the cards and crap. I never used it for anything and let it expire after the year was up.

So you basically wasted your money?


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Mickie3 said:talljay said:

As a joke, I applied to AARP when I was maybe 35. I simply put down an birthdate that made me 50. I sent in my $12 and they sent me all the cards and crap. I never used it for anything and let it expire after the year was up.


So you basically wasted your money?

I'd say it was worth the $12 for the entertainment value I got from it.


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Would you send me $12 and you can be a member of my club with no benefits and it will expire after 1 year. I call it the over 50 club, we take anyones money for the entertainment value.


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Anyone remeber an offfer through Walgreens for a free membership (probably 1year) in AARP?...I think it involved purchase of some Walgreens products. I'm sure it is long expired but I'd love to read about it & have not been able to find the old link. Thx for any ideas. (Walgreens reps were clueless)


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Be sure to read Banking Guy's update in this am's post (May 5th) with new info from the AARP Savings CSRs.


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ThursdaysChild said:Be sure to read Banking Guy's update in this am's post (May 5th) with new info from the AARP Savings CSRs.

Great info, thanks for posting the link!

Edited to add: Just talked to CSR (only had to wait about one minute) and confirmed that there is a $20 signup bonus. Even though I did not have the promo code when I applied, the bonus will automatically be added to my account when they receive the funding check.

The ABA # for ACH in/out is 083914265, and the CSR said there is no problem with pushing/pulling money into/out of the saving acct.

FWIW, the CSR was very helpful, knew answers to all my questions without hesitation. This could be the best deal since Charter One GCs, LOL.


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I applied on Saturday and today I received an e-mail notice, Your Jumbo MM Account APPROVED.
First I had to call and get my account number.

There are 2 steps to follow: Step 1, funding the account, which looks easy enough (and free). Step 2: sign and send the Signiture Card.(here is the problem) It says to print the signiture card pdf. There is no pdf included for completion on my machine.

Can someone help me! Please include in an answer.


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I no longer have that page up, but I seem to recall that the sig card was a link on the approval page. Clicking on the link downloaded the sig card, which had all my information already filled in. If that approval page is no longer available to you, I'd give them a call. Not a big deal, I'm sure.


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Any hard pulls reported in opening any of these AARP savings accounts?


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Thanks UncaMikey! So easy to get the signature card when I called.

Has anyone sent the funds in yet? Since this is Monday I should run over to the UPS store and send in the money and see how long the process takes.

Anyone seen the money in their account yet?


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Just finished sign up --super easy

Here's the PROMO code for the $20.00 sign up bonus: AA021 --just fill in the promotional code box.

If you aren't an AARP member you can sign up online and pay the $12.50 via CC or, or, or, or you can have it billed to you. If you have it billed the confirmation page won't give you a number and customer service won't give it to you either (they say they don't see one). They told me to reapply and if double billed they would refund. I didn't. When you open the acct there is a box for help in finding your acct number --you plug in a couple of items and it says they found your records. -- rest of application is normal. Since I haven't paid anything and they won't give me a number I'm guessing I can cancel membership as I haven't completed the process. My MMA account is already set up and ready for funding.
Whether you want the hassle for $12.50 is up to you. YMMV

Finally you can't fund through a Huntington Branch as they know nothing about this and are just licensing the FIDC guarantee for AARP. You can push/pull via ach or mail in the $$.


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Someone back in the posts mentioned Walgreens free membership a year back.

I took advantage of that... just had to sign up online; no biggie.

Got a lot of discounts from it and worked out well. Also got barraged with renewal notices and didn't renew.

Then I got a plain looking envelope with a free years extention. Posted that somewhere to be on the lookout for those who signed up.

Just FWIW.


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Signed up for the high yield savings + $20 sign-up bonus! Thanks to OP and mamalovesfree for the info. Nice rate & sign-up was easy.

Not sure about this, but I do think the $20 sign-up bonus requires an initial deposit of $500 or more. Can someone confirm?


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So if you have an account with UFBDirect, you can't sign up for this?


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aptvictoria said:So if you have an account with UFBDirect, you can't sign up for this?
You have to send a request for conversion via UFBDirect BankMail, along with your AARP#.


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Was there a charge for doing ACH? Thank you!


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UncaMikey, this thread is one of those rare treats on Fat Wallet:
A legitimate deal . . . a surprise bonus . . . and humor!

I'm still having a difficult time reconciling the cherished Ramones poster that adorns my hallway . . . with various Led Zepplin apparel, a Fender Strat that needs new strings, and a CD collection that — Dylan Thomas-like — cries out Do Not Go Gently into the Age of (cough) 52. Rock! Rock until the dying of your light!

Or in my case, Marshalls.

I remember many, many decades ago Rolling Stone magazine Photoshopped Crosby, Stills, Nash & Young . . . at the age of 60. I thought it was hysterical; now I'm not laughing! Ladies, you'll know you're getting OLD the first time someone addresses you "M'aam." Miss will be missed, and no mistake.

Ride your motorcycles, wind surf, travel abroad . . . do it all you 20-somethings! I'll be head banging to Metallica until I'm 80 dammit and right now I'll be in the bar lol.

TYTBUDGET


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