High Finance

Just made a quick run to the grocery store to grab a few things for our Vegas trip tomorrow, and the store has a Chase Bank branch in the lobby.  I noticed the rate sign out front proudly advertising a 13-month $10,000 CD for...wait for it...  0.6%.

That means if you leave your $10 grand in for the entire term, you'll make a whopping $65.

I'll bet if you spent considerably less and bought a reasonably priced metal detector you could spend a few weekends down on the beach and find more change than $65.  My wife was walking through the Palms Hotel once and found a $5 chip.  That's a month's worth of interest on this CD.

Back in the 90's when I was in the banking business our regular passbook savings account, with a $5 minimum and no term, paid 5.50%.  I can't even relate to the rates they're paying today.