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any advice on trying to negotiate the highest rate on a GIC

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Posts: 5

giantrobot

Veteran

Joined: Jan, 2006

Posts: 3155

Posted: Aug. 17, 2007 - 6:00 AM ET #1

I do have all my money in the same bank....I'm talking about six figures.....should i be able to get a half a percent over the advertised rates...how about three quarters?

thx

KOAJ

Covers Linesmen

Joined: Oct, 2005

Posts: 66698

Posted: Aug. 17, 2007 - 6:17 AM ET #2

ask for the moon and be prepared to move it if they say no

its your money, you are dealing from strength

giantrobot

Veteran

Joined: Jan, 2006

Posts: 3155

Posted: Aug. 17, 2007 - 6:23 AM ET #3

thanks KOAJ....should i ask for 1 percent over the posted rate?

KOAJ

Covers Linesmen

Joined: Oct, 2005

Posts: 66698

Posted: Aug. 17, 2007 - 8:40 AM ET #4

robot - make sure you do your research and know that you can get over 5% apy at emigrant or 4.75 at ING

ask for more than that and if they so no, then walk...

giantrobot

Veteran

Joined: Jan, 2006

Posts: 3155

Posted: Aug. 17, 2007 - 9:10 AM ET #5

Quote Originally Posted by KOAJ:

robot - make sure you do your research and know that you can get over 5% apy at emigrant or 4.75 at ING

ask for more than that and if they so no, then walk...

thank you

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any advice on trying to negotiate the highest rate on a GIC

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