Take your money — please!!
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.]