In the past few days, we have witnessed the 50-point rate slash by the Fed and parity between the US and Canadian dollar. Now, savings interest rates have been dropping like flies. Is the sky falling?
Yes. Yes it is. Run for cover now before it’s too late! Abandon all of your worthless US dollars before banks actually make YOU pay interest just to have them in your possession. Tell you what: I’ll hang onto them for you while you make a fast getaway. Yes, I’ll bear that burden for you out of the goodness of my heart. No, don’t let my sacrifice worry you, just keep running!
Oh no! The interest rate on my E-loan savings account just went straight down the toilet! It’s now only at a pitiful 5% interest rate. Gasp!
My sources tell me that ING Direct, already the least competitive online bank, has also plummeted from 4.5% to terrifying 4.3%! Those of you suffering through their horribly intuitive website interface and competent customer service – get out now before you owe them money!
Speaking of money, the US dollar now has the same value as the Canadian “loonie”? That does it! From now on, I’ll only accept my paychecks in gold nuggets! Or maybe Denver nuggets.
Chicken nuggets?


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