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Non-Tech : USAB - USABancShares.com -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (716)4/23/1999 5:00:00 PM
From: amadeus  Respond to of 2419
 
innovative... and serious about becoming a player in the sector, no doubt




To: Triffin who wrote (716)4/23/1999 7:47:00 PM
From: Bill on the Hill  Respond to of 2419
 
An E-mail to the company would be in order.



To: Triffin who wrote (716)4/23/1999 8:26:00 PM
From: Kevin McKenzie  Read Replies (1) | Respond to of 2419
 
Not at all counter-intuitive. This is how T-Bills are auctioned already.

Let's say USAB starts with a ceiling return of 7.5%. Someone might be willing to accept a yield of 7 1/8%, another might accept a yield of 7 % . . . and so on. So finally the best bid on the CD is 6 3/4%.

It'll work just fine. I think its popularity will depend on how high the ceiling yields are.


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