So if the movies can have its' Oscars, Broadway its' Tonys, ESPN its'
ESPYS... why not a Deposit Accounts Oscars awards?
First we need a good acronym; how about DANDY: that's Deposit Accounts
Notable Divine Yap. We could have a DANDY for best CD of the year,
best RCA of the year, best Savings/MM account of the year, etc. Surely
we could come up with several more?
If we're just doing this for fun and humor I'd vote we give out poor
performance lifetime awards to 1) Bank of America; it gets the shoot-
-yourself-in-the-foot DANDY for their $5/month debit card fee reversal,
and 2) The infamous two credit unions increasing early withdrawal
penalties on existing CDs would get the how-to-loose-customers DANDY.
If this is just for fun leave it here in the forum for additional play?
On a more serious note, given the well-deserved status and recognition
DA receives (Wall Street Journal, New York Times, etc.) due to Ken and
Jermys superb effort and results I could see a financial organization
adding a few basis points to a CD in efforts to get its name associated
with that coveted CD-of-the-year DANDY. Everything else going on seems
to be having a negative effect on CDs; you don't suppose something like
this could have a small positive effect?
So Ken, encourage/discourage this as appropriate. No amount of humor
needs to occur that discredits DA in any fashion.
Additional award suggestions, categories, nominees, etc welcome. Yeah,
there's got to be a better acronym than DANDY.