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Re: I-bonds or money market for Emergency Fund?
Old 07-10-2005, 09:14 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,877
Quote:
Originally Posted by Art
That's great- where did you get it?
Amcore. They offer it at several local branches in northern Illinois,
and I assume elsewhere as I see a lot of literature lying around.
You need to be a new customer and have 50K to get this rate,
although I think they pay 3.25% over 10K. There are some other
restrictions on withdrawals, etc, but if you decide to close the account
"early" (less than 6 months?) the penalty is $15.00. Not much of a risk.

JG
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