Friday, October 19, 2007

Switching online savings accounts

HSBC is sending me emails about how they're planting trees if I give them money but I'd rather they just stop dropping the rate on my savings account (now at 4.5% APY). So I moved over the bulk of my savings to everybody's favorite out-of-control subprime lender, Countrywide, for 5.5% (on balances over $10k). Countrywide definitely feels less customer friendly, I agreed to some term saying they could hold all my money for 7 days even after telling them in writing to transfer it. Their privacy policy is a frothy bowl of diarrhea, make sure you call them at 1-866-605-3467 to opt out. (I'm still FDIC insured up to $100K if they fail.)

1 comment:

api said...

i'd have thought you'd have been a bigger environmentalist than that...