From: "Prather" <Prather at netzero.net>
To: <WSFAlist at WSFA.org>
Subject: [WSFA] FW: We're losing $$$$$$$$$$$$$$$$    !!!!!!!!!!!!!!!!
Date: Tue, 11 Jan 2005 10:05:34 -0500
Reply-To: WSFA members <WSFAlist at WSFA.org>

Sorry if you get this in duplicate.  I'd love to hear of positive action
being taken on this.

Rebecca Prather
phone 703-534-2274

-----Original Message-----
From: Prather [mailto:Prather at netzero.net]
Sent: Saturday, January 08, 2005 12:27 PM
To: treasurer at wsfa.org
Cc: Keith Lynch; bnewton at ashcomp.com; Michael.J.Taylor.1 at gsfc.nasa.gov;
Samuel Lubell; sscheine at nsf.gov; president at wsfa.org; vp at wsfa.org;
wsfa0412a at keithlynch.net
Subject: [WSFA] We're losing $$$$$$$$$$$$$$$$ !!!!!!!!!!!!!!!!

I forget which bank you said we were with. Provident or Providian so I
looked up both.

http://www.providentbank.com/ pays .55% on savings + has a variable rate for
business.

http://www.providian.com/ Providian is .5%

Even at .55% that's $264/ year on our $48,000 that we had as of Jan. 1.

>From www.bankrate.com  - money market accounts

Zions Bank
Salt Lake City, UT
rate  2.35 APY 2.38

GMAC Bank
Greenville, DE
rate  2.33  APY 2.36 No Fees. Easy access to your funds by check or ATM.
FDIC Insured.

Capital One, FSB
McLean, VA
rate 2.32 APY 2.35

2.38% of $48,000 = $1142.40/year or $3.13/ day that we lose for everyday
that our $ sits in a no interest account while the club decides what it
wants to do.  I know that $48,000 has changed a bit, but my point is still
valid.

Let's move the $ to a money market account NOW and then to a CD whenever the
club decides.

Rebecca Prather
phone 703-534-2274