Re: Negotiated a CD today
We have one or two banks here that will negotiate with you, but most won't! The bank I normally do business with is one that won't! I had a CD mature in Dec. and went in to talk to them, and they said their rate was what it was, and they would NOT meet anyone else's s rate. OK...fine! I had them deposit it in my checking account, then went home and opened an 'internet' CD.
I had already moved my savings account to an 'internet' bank, and am going to open an 'internet' checking (with linked CC) VERY soon. My local bank (which charges no monthly fees) will only be used as a temporary holding place for my direct deposits, to get cash, and to transfer $$ to/from my 'internet' accounts.
My Mom is of the same mind. We opened 'internet' savings and CDs for her, also. She wanted a better CD rate, and when they wouldn't match one of the other local bank's, she found out about higher rates online, and had me open those accounts for her. She's pretty progressive for an old gal (80 this year).