Saturday, February 27, 2010

Bank of America Gougers

Okay, no one trusts the stock market any more so they take their cash to the bank.  Sometimes it goes into a worthless rate of return on a Certificate of Deposit but the more cautious might go and rent a safety deposit box and squirrel away some cash for emergencies.  So, what does Bank of America do?  Why they raise rates 300% on the smallest boxes that they have.  In 2007, I paid $31.00 for a box.  In 2008, I paid $64.00 for a box. Now in 2010 I am asked to pay almost $90.00!

This is the smallest box there is.  I would estimate it has about one third of a cubic foot.  Maybe.  And they want $90.00 for me to keep some papers in.  Screw them.  I am going to go get those papers and digitize them and store them in numerous places and Bank of America can lower their CEO bonuses by the amount of money I keep out of their grubby hands.

4 comments:

Derek Bill said...

Zopilotos!

Anonymous said...

Local banks and credit unions are the way to go! The state should move the state's $$ to NM banks. We should too.

Brian Egolf said...

Jim,

Move you money!

www.MoveYourMoney.info.

This was a major topic of debate in the regular session that just ended: http://www.huffingtonpost.com/2010/01/22/new-mexico-state-legislat_n_433325.html

Brian Egolf said...

Jim,

Move you money!

www.MoveYourMoney.info.

This was a major topic of debate in the regular session that just ended: http://www.huffingtonpost.com/2010/01/22/new-mexico-state-legislat_n_433325.html