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Re: steviee post# 586327

Tuesday, 03/25/2008 2:40:32 PM

Tuesday, March 25, 2008 2:40:32 PM

Post# of 704019
Yes, I did see that. When I first began buying T-Bills, the minimum was $10K, then it went to $1K, now $100. BTW, for their online legacy accounts with balances over $100K, the assessed yearly fee is also increasing, from $25/yr to $100/yr (and they say there is no inflation, hrrmmmmph)!

Well, everyone, probably including the Treasury, is desperate for cash -- BofA is offering to do an incredible amount of paperwork in order to open and maintain accounts in which they round figures to the nearest dollar on debit card purchases and deposit the few cents difference, and the only reason I can figure they'd want to do all that work is because they are so big they would get quite a bit more cash if all their depositors signed up for that program (they also are offering you a $25 incentive to do so!). To me, that spells D E S P E R A T E for cash!

Newly



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