Hashemian Blog

Web Tools, Financial Markets, Technology

Monday, January 26, 2009

The APY Game 

It has been only a few days since I posted about the 4% savings account at Dollar Savings Direct. I characterized the rate as "unheard-of". Apparently the folks over at the bank agreed and over the weekend they lopped off 0.5% from the APY bringing the interest rate down to 3.5%.

You really can't blame them for lowering the rate. 4% was just way too high in the current low interest rate market. But that's how the game is played. You set a high rate on the account and advertise the devil out of it to attract enough money. Then you lower the rate to a reasonable level to keep existing customers from jumping ship while new money continues to arrive, albeit at a slower rate. And you keep adjusting the rate to keep the money flow steady.

Well, 3.5% APY is still a decent rate, but who knows where it'll stand next week, or the week after.

,,,,

Labels:

<The APY Game>

0 comments

0 Comments:

Post a Comment

This page is powered by Blogger. Isn't yours?

Links
  • Hashemian Blog Feeds
  • Add to Google
  • Read Hashemian.com/blog/ with Bloglines
  • Subscribe to Hashemian.com/blog/ with My Yahoo!
  • Technorati Profile
  • TMCnet.com
  • ARCHIVES
  • 09/01/2003 - 10/01/2003
  • 03/01/2004 - 04/01/2004
  • 04/01/2004 - 05/01/2004
  • 05/01/2004 - 06/01/2004
  • 06/01/2004 - 07/01/2004
  • 07/01/2004 - 08/01/2004
  • 08/01/2004 - 09/01/2004
  • 09/01/2004 - 10/01/2004
  • 10/01/2004 - 11/01/2004
  • 11/01/2004 - 12/01/2004
  • 12/01/2004 - 01/01/2005
  • 01/01/2005 - 02/01/2005
  • 02/01/2005 - 03/01/2005
  • 03/01/2005 - 04/01/2005
  • 04/01/2005 - 05/01/2005
  • 05/01/2005 - 06/01/2005
  • 06/01/2005 - 07/01/2005
  • 07/01/2005 - 08/01/2005
  • 08/01/2005 - 09/01/2005
  • 09/01/2005 - 10/01/2005
  • 10/01/2005 - 11/01/2005
  • 11/01/2005 - 12/01/2005
  • 12/01/2005 - 01/01/2006
  • 01/01/2006 - 02/01/2006
  • 02/01/2006 - 03/01/2006
  • 03/01/2006 - 04/01/2006
  • 04/01/2006 - 05/01/2006
  • 05/01/2006 - 06/01/2006
  • 06/01/2006 - 07/01/2006
  • 07/01/2006 - 08/01/2006
  • 08/01/2006 - 09/01/2006
  • 09/01/2006 - 10/01/2006
  • 10/01/2006 - 11/01/2006
  • 11/01/2006 - 12/01/2006
  • 12/01/2006 - 01/01/2007
  • 01/01/2007 - 02/01/2007
  • 02/01/2007 - 03/01/2007
  • 03/01/2007 - 04/01/2007
  • 04/01/2007 - 05/01/2007
  • 05/01/2007 - 06/01/2007
  • 06/01/2007 - 07/01/2007
  • 07/01/2007 - 08/01/2007
  • 08/01/2007 - 09/01/2007
  • 09/01/2007 - 10/01/2007
  • 10/01/2007 - 11/01/2007
  • 11/01/2007 - 12/01/2007
  • 12/01/2007 - 01/01/2008
  • 01/01/2008 - 02/01/2008
  • 02/01/2008 - 03/01/2008
  • 03/01/2008 - 04/01/2008
  • 04/01/2008 - 05/01/2008
  • 05/01/2008 - 06/01/2008
  • 06/01/2008 - 07/01/2008
  • 07/01/2008 - 08/01/2008
  • 08/01/2008 - 09/01/2008
  • 09/01/2008 - 10/01/2008
  • 10/01/2008 - 11/01/2008
  • 11/01/2008 - 12/01/2008
  • 12/01/2008 - 01/01/2009
  • 01/01/2009 - 02/01/2009
  • 02/01/2009 - 03/01/2009

  • Read Financial Markets  |   Home  |   Blog  |   Web Tools  |   News  |   Articles  |   FAQ  |   About  |   Contact

    © 2001-2009 Robert Vahid Hashemian
    Support the effort
    Liked this page?
    Please consider creating a link to it
    from your Web site.

    hashemian.com
    هاشمیان.com

     Home

     Blog

     Web Tools Add Free Web Tools custom Google Toolbar button (Requires Toolbar >V4)
    Usage

     News

     Articles

     FAQ

     About

     Contact

     Financial Markets Book
    Read Complete Book



    BOOK
    The Apy Name in History
    Ancestry.com
    $29.95

    BOOK
    Apies Is Agies
    Lorraine Horsley

    BOOK
    Dar(e)apy
    Ben Miller


    BOOK
    Biaystok Plus 6, Plan Miasta 1:17 000: Bielsk Podl., Hajnowka, Apy, Siemiatycze, Sokoka, Suprasl: Ulice Jednokierunkowe, Sygnalizacja Swietlna, Linie (Polish Edition)
    Demart Sp Z Oo


    BOOK
    Hair*apy: Highlights and Lowlights
    Amy Miller
    $14.95

    |apy-game|

    more…




    Get Kindle, $259

    aStore - Hashemian.com on Amazon

    Visits: Powered by hashemian.com

     

     

     

     

     

    Search Hashemian.com





    Carolina Panthers DeAngelo Williams Game Jersey card
    $2.29
    Ends: Wed Nov 25, 2009 05:01:05 EST


    The Matrix: Path of Neo XBOX Game * Brand New Sealed *
    $0.87
    Ends: Wed Nov 25, 2009 05:02:21 EST


    NINTENDO Wii GAME - LINK'S CROSSBOW TRAINING
    $4.77
    Ends: Wed Nov 25, 2009 05:02:21 EST


    PELAGIC CUSTOM WEAPON HEAVY GAME FISHING ROD 5FT6 24KG
    $0.90
    Ends: Wed Nov 25, 2009 05:02:35 EST


    Chicago Bears Cedric Benson Game Jersey card
    $2.29
    Ends: Wed Nov 25, 2009 05:02:37 EST

    more…