Quote:
Originally Posted by Red__Zed
wat?
Show me a checking account making 4.25%
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Max Checking from LMCU is 4%...close enough
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https://www.lmcu.org/max-checking/default.aspx
I have others, this one is just my favorite. You need to donate $5 to ALS of MI or something like that.
I make several thousand a year off interest from multiple HYCA's that are very similar to this particular one. I like to borrow money at low to no interest, and fund these accounts. While high yield SAVINGS accounts have basically vanished since the credit crunch, there are still plenty of high yield checking accounts around. They just require a little more work.
So do I own my Z? No, I guess not. I'd rather have a check for $125 each month. $37,500 x 4% = $1,500/yr. Divide that by 12. Then send me my check please. You can keep the car title...for now.