[quote=UCGal][quote=Cube]I got a 1099 from Chase for $0.02 in interest income.[/quote]
You’re lucky you got it. We had our emergency fund at Wamu (then Chase). About $35k. The interest rate had dropped to about 25cents/month. So we moved it to the credit union (and get about $8/month). We moved it in October or November.
When I called Chase to ask where my 1099 was they said they didn’t have to send it because we’d closed the account. @#%$#@%@.
We’re almost free of them. Hubby had 3 IRA accounts with them – and has been having a heck of a time extracting his money to roll it over. Fortunately he’s older than 59.5 – so he can avoid the trustee to trustee thing… which they refuse to do. They actually threatened his credit rating if he closed the account. Bastards.[/quote]
Actually, if you bank at chase, the easiest way to beat the 1% savings rate, is to take them on the “Get $125, $150, $200 on us” offer, by opening a checking account every year, maintaining a $1000 min balance (I think) to avoid any fees, and close the account after 90 days….
I’ve seen the special offers for $125, $150, and for $200. I only bite once I get the $200 offer. The other $125 and $150 offer I pass….
I mean, I know $200 these days feels like $40 yesterday. But it’s not the point. Well, I’m not sure what the point is….
