Posts Tagged ‘financial intermediation’

Premia & Discounts

Sunday, 15 February 2009

A while back, I got an offer from Washington Mutual Savings Bank; if I started a free checking account with them, with a deposit of $100 or more, then after a few weeks they would add $75 to that. I decided to take advantage of that offer, and deposited exactly $100. I have kept my prior checking account, and left the WaMu account dormant.

Perhaps I should have waited. Yester-day (after the original offer expired), I received a similar offer from them, only now the supplement would be $100. Having taken advantage of the old offer, I'm blocked from exploiting the new offer.

As the Woman of Interest notes, this increase to $100 is suggestive of desperation.


Last night, in CVS/pharmacy, I saw multi-packs of sparkling water on sale — regularly $3.99, now $3.97. That's a discount of just barely more than ½%.