Home › Forums › Financial Markets/Economics › 12 month CD with 7% APY .. how far true in this crunch time › From their web
From their web site:
“12-month term, $1,000 maximum, $1,000 minimum opening balance. Available for new members only. Join now and get 7% in 2007.”
It is very limited : $1000 maximum, new members only. This is your usual garden variety loss-leader sales approach.
They are basically giving away about $25 per each new customer (7% versus about 4.5%). In the past they used to give away cookware and toasters.
