27Aug/090
It pays to ask
I had a CD maturing last week. One of those I was Laddering over 5 years, since the fall of 1987. Wanted to put it into a 5 year CD at the best rate I could find. Had found a great rate of 3.75% at www.Mechanics-Coop.com but when maturity date came the rate had been dropped to 3.50% two days before. I asked branch manager for the higher rate, he made a call, and I was given the higher interest rate. That was a 7% improvement in the rate of return on this CD.
Lesson learned, ask and maybe you shall receive.
