CD Rates

The savings and loan industry’s image will suffer more if the practice of negotiating certificate of deposit interest rates becomes widespread. It seems I can no longer allow my CD to be reinvested automatically at maturity and receive the best rate offered by my S&L.; If I drop in and indicate I’m going to move elsewhere for a higher return, I am offered as much as a one-half percent bonus as an inducement to leave my funds on deposit.

Having to “shop” my own S&L;, where I’ve done business for many years, does little to enhance its business image in my eyes.

LILIANA AUBERT

El Segundo