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Insights into Bank Strategies on Deposit Rates, Credit Card Cash Back & Airline Miles

Thursday, June 3, 2010 - 3:53 PM
The CEO of PerkStreet Financial provides some insights into the games banks play. I think we all know of this one:
The practice of raising interest rates and dropping them (knowing most customers won’t notice) is so common that it has a name within the industry: pump ‘n’ dump.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708