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Just when you thought banking couldn't get any crazier

March 11th, 2010 at 01:56 am

Just a quick note from something I was pointed to online. Here is a link to a bank that doesn't want money. Seriously. If you withdraw money from your account (which by the way is earning 0%) and its a large enough amount of money, they'll pay you to just go away. Now that is just crazy.

Text is Here it is and Link is http://investmentwatchblog.com/credit-union-pays-savers-to-close-their-accounts-deposit-insurance-makes-saving-accounts-a-losing-proposition-for-banks/
Here it is

1 Responses to “Just when you thought banking couldn't get any crazier”

  1. Jerry Says:
    1268415387

    So it is the insurance premiums that leads them to lose money? There's no way around this... they can't go without insurance, legally, as I understand it. What a complete mess.
    Jerry

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