I received the following email ad from Citibank the other day:
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Citibank Savings Plus Account |
.80 | |
For balances of $25,000 or more |
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Dear JOSEPH FABER,
If you want to get a return that is currently higher than offered on many Money Market Funds, move your money to a Citibank Savings Plus Account today. Compare for yourself:
Average Money Market Fund 7 Day Yield: 0.04% *
Current Citibank Savings Plus APY
(on balances of $25,000+) : .80% **
That's 20 times higher! |
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Really? 20 times higher? Is that supposed to sound impressive?
Hmmmmm.
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