| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 991.1 | | ROWLET::AINSLEY | DCU Board of Directors Candidate | Wed May 08 1996 11:35 | 4 |
| I don't know why, but it appears to be a common credit union industry
practice.
Bob
|
| 991.2 | interest accrues daily | SLOAN::HOM | | Wed May 08 1996 12:59 | 4 |
| Though the interest is posted quarterly, interest accrues
daily and is compounded; i.e. you earn interest on the interest.
Gim
|
| 991.3 | | MOLAR::DELBALSO | I (spade) my (dogface) | Thu May 09 1996 09:30 | 4 |
| I always thought that quarterly posting was traditional. It's been over
35 years since I had any savings at a bank, but I seem to recall that
they used to post once per quarter.
|
| 991.4 | | STAR::BUDA | I am the NRA | Thu May 09 1996 11:32 | 10 |
| RE: Note 991.0 by CSCMA::BALICH
> Q: I'm fairly new to DCU and have found out that interest to
> checking and savings is posted quartlerly in DCU than from the
> traditonal monthly posting at most banks.
I think that DCU used to post interest monthly years ago.
Does anyone remember back this far?
- mark
|
| 991.5 | | 2082::LIONEL | Free advice is worth every cent | Thu May 09 1996 13:11 | 4 |
| It's been quarterly as long as I can remember, and I've been a member since
DCU started.
Steve
|