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10.38% APY but read the small print...
Old 10-24-2006, 12:28 PM   #1
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10.38% APY but read the small print...

Have you seen this site? They have a pretty useful idea in that they are always looking into deals that are probably too good to be true if you only had the time to read the small print (mouse print) and determine what the catch is. Well, they look for the catch. In the attached ad a bank in Lincoln, NE was advertising a 10.38% APY rate, but the catch is...


http://www.mouseprint.org/?cat=4

Quote:
*MOUSE PRINT: “Minimum and maximum amount of $500 only.”

So how much money are we talking about really earning here? Six months’ worth of interest on $500 is approximately $25.95 (maybe a bit less). At their regular rate of interest (4%), you would earn about $10. So despite the attention grabbing headline of 10.38% interest, this offer is worth less than $16 in extra earnings.
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Re: 10.38% APY but read the small print...
Old 10-24-2006, 08:54 PM   #2
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Re: 10.38% APY but read the small print...

There are a few of these, "it's too good to be true" floating around with a max of $1000 or $2500.
For me, it isn't worth the effort.
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Re: 10.38% APY but read the small print...
Old 10-24-2006, 09:04 PM   #3
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Re: 10.38% APY but read the small print...

Sorry. The DSL is worse than dialup where I am staying.
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Re: 10.38% APY but read the small print...
Old 10-24-2006, 09:17 PM   #4
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Re: 10.38% APY but read the small print...

Quote:
Originally Posted by vagabond
Sorry. The DSL is worse than dialup where I am staying.
You don't have to apologize for galting. It happens sometimes.
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Re: 10.38% APY but read the small print...
Old 10-25-2006, 12:12 AM   #5
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Re: 10.38% APY but read the small print...

Quote:
Originally Posted by retire@40
You don't have to apologize for galting. It happens sometimes.
What's "galting"?
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Re: 10.38% APY but read the small print...
Old 10-25-2006, 12:12 AM   #6
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Re: 10.38% APY but read the small print...

And another thing, I used to be a captain of industry.
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Re: 10.38% APY but read the small print...
Old 10-25-2006, 12:13 AM   #7
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Re: 10.38% APY but read the small print...

Does anyone want to know my IQ score?
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Re: 10.38% APY but read the small print...
Old 10-25-2006, 12:13 AM   #8
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Re: 10.38% APY but read the small print...

What was my original question?
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Re: 10.38% APY but read the small print...
Old 10-25-2006, 12:14 AM   #9
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Re: 10.38% APY but read the small print...

Livin' large. Yep. That's me. :P
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Re: 10.38% APY but read the small print...
Old 10-25-2006, 05:03 AM   #10
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Re: 10.38% APY but read the small print...

Quote:
Originally Posted by sgeeeee
Does anyone want to know my IQ score?
Nope.

JG
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Re: 10.38% APY but read the small print...
Old 10-25-2006, 05:05 AM   #11
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Re: 10.38% APY but read the small print...

Quote:
Originally Posted by sgeeeee
What's "galting"?
A man. A legend. A way of life. If you have to ask, you wouldn't
understand. I've become part of the lexicon, like ah.......
You've been Borked.

JG
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Re: 10.38% APY but read the small print...
Old 10-25-2006, 12:00 PM   #12
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Re: 10.38% APY but read the small print...

Quote:
Originally Posted by sgeeeee
What's "galting"?
Funny you should ask, since I just invented it.

It's when you use multiple postings to say the same thing over and over again.

Sometimes it's due to a technical glitch in the software. Sometimes it's human induced.
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Re: 10.38% APY but read the small print...
Old 10-25-2006, 03:15 PM   #13
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Re: 10.38% APY but read the small print...

Quote:
Originally Posted by retire@40
Funny you should ask, since I just invented it.

It's when you use multiple postings to say the same thing over and over again.

Sometimes it's due to a technical glitch in the software. Sometimes it's human induced.
And I love it. You should also, since practically every word that rolls
off my lips/pen/keyboard is a pearl to be savored. To galt, galting,
galted, truly a word for the ages.

JG
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Re: 10.38% APY but read the small print...
Old 10-25-2006, 04:21 PM   #14
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Re: 10.38% APY but read the small print...

Quote:
Originally Posted by Mr._johngalt
Nope.

JG
Just remember that the next time you are inclined to talk about yours.
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