Tuesday, March 31, 2009

Save Now and earn an extra 3.25% on your savings

The state of Ohio has finally passed a savings incentive bill that been in the works for a number of years now.

The short version is this. When you take a qualified financial class, you become eligible for Ohio's Save Now savings rate at a participating bank. This savings rate is 3.25% above the banks normal interest rate. PNC bank, coming to Ohio soon in taking over National City Bank, is the first bank to participate in this program.

All the details are not out yet as the State has just passed this legislation. I'll post updates as I'm made aware of them. I'll be participating in this and will do everything in my power to make sure Financial Peace University qualifies for this program.

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