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Take your money — please!!

March 8, 2010

Rocky enjoys receiving free toasters and other perks when he opens a new bank account. But for the first time ever, he found a bank that offers a bonus for CLOSING a bank account!

The Nevada Federal Credit Union announced that they are paying savers a $25 bonus if they withdraw $25,000, and a $75 bonus if they withdraw $75,000. The full story is here: http://www.lvrj.com/business/credit-union–pul-lease-take-your-money-86320527.html

Rocky wonders whether this is the beginning of a nationwide trend? Will his local Exxon station will pay him $25 if he goes across the street to Texaco? Will Verizon Wireless pay him $50 to switch to AT&T?

[Disclosure: Zero Percent Interest Rates seem to be causing unexpected consequences.]

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  1. ld
    March 8, 2010 at 9:21 pm

    Did this CEO run a public company that purchased its shares back at the highs a couple years ago?

  2. March 9, 2010 at 7:11 pm

    Negative interest rates are great news for my time traveling colleagues.

  3. Alix Key
    March 10, 2010 at 7:28 pm

    Interesting on both fronts, here in Perth we get neither, I am yet to recieve anything from a bank…….apart from statements !!!

  4. March 10, 2010 at 10:07 pm

    On a related note via aleablog: http://www.dersoft.com/negativeprobabilities.pdf

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