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West Bank Iowa Reward Me Checking in: Subjects › Deal

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ymf said:The rate-chasing game is taxing. Anybody else is thinking of stashing the money into a bond fund?

I would sooner buy bonds outright and stagger the maturities.


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So this account counts ACH push as DD, and 12 small debit payments to utility (such as cable) should be easy. The only showstopper for out-of-stater is the Iowa residency? Any way around that?


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76hhma said:From WB e-mail notice today: The current tier structure allows you to earn 4.0% APY* on balances between $0.01 and $50,000. As of October 29, 2009, the tier will change to allow you to earn 4.0% APY on balances between $0.01 and $30,000. All balances over $30,000 will earn 1.0% APY.*

Just as a friendly reminder for the West Bank imminent change in limit (that earns 4.0%) from $50,000 to $30,000 as of 29 October.

The statement closing date for this month is 27 October (good time now to check/catch up on requirements), as indicated in the QS.

Message edited by: 76hhma on 2009-10-22 12:19:43 CDT
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I guess I'll transfer 20K out of the West Bank account in a few days, and look for another avenue for my money. In the meantime, I'm glad to have kept 1K my Dollar Savings Direct account, which still offers a decent 1.60% APY.

Message edited by: croushore on 2009-10-27 07:19:28 CDT
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