Good Old Days

I think with the holidays here, we often reflect on fond memories of family traditions and parties in the good old days.  It's nice that our memories are often good ones and those are the ones to concentrate on.

Today I was reminiscing about the good old days when I watched closely the interest rates on our little bank account and our money market at a mutual fund company.  I remember the rates during Carter when we moved our savings from one bank to another to take advantage of a special.  Deposit a minimum of $5,000, interest paid 13% interest except on the first $1,000 deposited!  Ah, the good old days.

Those days didn't last long.  Thank God.  After that our bank passbook was making 4% and 5%.  A safe place to stash some cash and watch it grow.

A bank does not have to issue a 1099-INT unless the bank has paid out to you at last $10.  I'm afraid that so many of us will not get our annual form from our bank.  Either because our savings earned less than $10 over the whole year - or - we have no savings left in this economy.

Let me just remember the good old days when our bank paid us some interest on our deposited $.

til later