Same exact thing happened to me. They said they would escalate it and a supervisor would contact me but they never did, was told twice. Total BS, very disappointed plus they would not credit me back the points.
Live and learn.
Posts made by alanmax
RE: $10 back via rebate on the purchase of $50 and $3 on $15 or more of Groceries AL AR CT HI MA ME MN MO NC NJ PA RI UT WV to 12/30 or 31 lmt 1
Thanks Mr C!!!
Just wondering does Sam’s Club, Costco, and Walmart Super Centers qualify?
RE: US Treasury Series I Savings Bonds Inflation Rate Earnings (May - October '22) 9.62% Interest
Glad I waited since the interest rate has increased.
I don’t think “glad” is the correct description. If you purchased in April, you would have 6 months of 7.x% and 6 months of 9.x%. Now, you don’t know what happens after 6 months of 9.x%.
Right, that’s correct. Say you bought the 7.x bond in late 2021, you’d earn six months from your month date (say 1/1/22) of 7+%, then on 7/1/22 it goes up to 9.x% To be honest I don’t see inflation coming down much anytime in the next year. Oil prices will be even higher this summer than recently with demand and likely Russian boycott from Europe, supply chain issues from China and elsewhere. Labor costs going up as people demand more money for wages to keep up w/inflation. It’s a bad spiral when it gets like this.
Consider that a money market acct is paying .5% right now. Anything above 4% in these bonds is pretty darn good not to mention the interest hit is deferred until you actually redeem them.
Even if you cash out at the end of the first 12 months and forego three months of interest, you’re still way ahead of a savings/mma or CD. I bought in Novenber 2021, and then again in April 2022, So did my wife. Took the money out of a savings account paying around 0.5%. Would be great if we could buy more than $10K per person per year. Not getting a tax refund, so can’t use that to buy a $5K paper iBond on top of the $10K bonds.
– Z –
True, but why on earth cash out (unless you really need the $$)?? So you cash out lose 1/4 of your interest if you’ve held the bond for 12 months, to do what with it? Put it back earning .5 % again?
My feeling is, not touching it unless the inflation rate goes so low the bonds are paying next to nothing. if I’m earning 2-3% more on this than a savings acc’t or even a CD, I’m not touching it unless it’s a financial emergency. These would have to go below 3% given present rates for me to even consider an early redemption.
Well said Mr C, 100% agree!
RE: Best Nationally Available High APY Liquid Accounts
@c3 While not a no-penalty CD Marcus has a 10-month 1.10%
Thanks for posting.
NEVER, rates are moving up do not lock in a low rate now.
RE: 20% off at Amazon (up to $40) when you use Amex points YMMV (exp 5/1/22)
$10 off $100 for me, I’ll pass on this one.