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Well...had that difficult talk
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<blockquote data-quote="LittleDudesMom" data-source="post: 399433" data-attributes="member: 805"><p>Janet, there are numerous local banks around here. I wouldn't even venture a guess which one the cd is with. I think it is work a call to Pat to ask her about it. And, if there is a life insurance policy out there with you listed as the beneficiary, she couldn't get access to it. You might want to just ask her about that as well. "Pat, I was wondering what bank that CD was with. I wanted to see about sending them a copy of dad's death certificate............Oh, do you know who all the beneficiaries were on his life insurance policies?"</p><p></p><p>I am both an ING and an Ally Bank customer. About 6 years ago when I first opened my ING CD and savings accounts the interest rates were about three percentage points higher for savings than any of the local or national banks. Their cd rates were also great. With the lowering of interest rates in an attempt to kick start the economy, the interest rates on savings and cds have gone waaaaay down. Last year my ING savings account interest rate went down about 7 times.</p><p></p><p>I moved a cd from ING to Ally last spring because the rate was better. With cds Janet, just shop around. You usually get a better rate at an internet bank because their cost of doing business is lower. Just make sure it is FDIC insured. Most cds under 24 months are lonely at ike 1% or so. I remember back in like 05, 06 and 07 I was getting 5 and 6 percent!</p><p></p><p>I just keep my ING savings because it keeps the money harder to get!!!!!!! I also have what ING calls "electric orange" checking. I transfer money there every week and pay my bills from that account. I like having to work at getting my money because I tend to think more about what I'm doing when I have to wait or go an extra step to get it!!!!!!! Built-in savings!</p><p></p><p>Sharon</p><p></p><p>P.S. Let me know if I can do anything on this end for you.</p></blockquote><p></p>
[QUOTE="LittleDudesMom, post: 399433, member: 805"] Janet, there are numerous local banks around here. I wouldn't even venture a guess which one the cd is with. I think it is work a call to Pat to ask her about it. And, if there is a life insurance policy out there with you listed as the beneficiary, she couldn't get access to it. You might want to just ask her about that as well. "Pat, I was wondering what bank that CD was with. I wanted to see about sending them a copy of dad's death certificate............Oh, do you know who all the beneficiaries were on his life insurance policies?" I am both an ING and an Ally Bank customer. About 6 years ago when I first opened my ING CD and savings accounts the interest rates were about three percentage points higher for savings than any of the local or national banks. Their cd rates were also great. With the lowering of interest rates in an attempt to kick start the economy, the interest rates on savings and cds have gone waaaaay down. Last year my ING savings account interest rate went down about 7 times. I moved a cd from ING to Ally last spring because the rate was better. With cds Janet, just shop around. You usually get a better rate at an internet bank because their cost of doing business is lower. Just make sure it is FDIC insured. Most cds under 24 months are lonely at ike 1% or so. I remember back in like 05, 06 and 07 I was getting 5 and 6 percent! I just keep my ING savings because it keeps the money harder to get!!!!!!! I also have what ING calls "electric orange" checking. I transfer money there every week and pay my bills from that account. I like having to work at getting my money because I tend to think more about what I'm doing when I have to wait or go an extra step to get it!!!!!!! Built-in savings! Sharon P.S. Let me know if I can do anything on this end for you. [/QUOTE]
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Well...had that difficult talk
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