Teaser Introductory Rate

Received an e-mail earlier this week from my bank through which I have a Master Card. The introductory rate is 1.7% for six month, then would jump to 7.99% variable.

No thanks.

But if my bank offered me the following offer, I would pounce on it:

Low introductory savings rate of 1.7% for the first six months and thereafter 7.99%.

Yes, day dreaming. When will we see 8% on a savings account? Apparently, no time soon  😦


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