In most cases, it will cost you more to purchase a new CD than it would to buy that same music as an mp3 download. Which makes sense, since digital files don’t have the high manufacturing, shipping, or storage charges that physical discs do. But sometimes, you could end up on the short end of the stick if you just assume that the mp3 will be cheaper. [More]
This morning, Amazon.com launched a new service called AutoRip that allows buyers of certain music CDs to automatically receive access to downloadable MP3s of the album via Amazon’s Cloud Player. But the most interesting feature is that it will convert any qualifying CD you’ve purchased on Amazon since 1998. [More]
Sure, online-only banking is easy and convenient, but there are strange things that happen while the world gets used to this different way of banking. For example: JB received a call from Sallie Mae Bank that they couldn’t send him the balance of his matured certificate of deposit because they don’t have the capability to send checks to customers. Let me again emphasize that they are a bank. [More]
Earlier this year, Ken’s father passed away. He had been investing in certificates of deposit for decades, and had set up each CD with one of his sons as beneficiary, so that accessing or re-investing the money would be simple…or as simple as any transaction with a megabank ever is. Out of all of the CDs, the only problem was one at Wells Fargo. Since the beneficiary information was missing from their computer systems, they needed the original receipt from when the account was opened. Ken’s dad was originally issued the wrong type of receipt for the state he lived in, so there was no proof that Ken was the beneficiary for the account. Now he needs a court order to get to the account. [More]
Laura (no, not me) is trying to track down a 37-year-old certificate of deposit that belonged to her grandparents. This is more difficult than it sounds, since their original bank was gobbled up by progressively larger and larger banks until it became part of…Bank of America. Laura’s grandmother passed away recently, and it bothers her that this situation isn’t resolved. She’s determined to find this lost CD: even though Bank of America alternately claims that there are no records of it, or that her grandfather cashed it in after he died. [More]
Three hundred people in New Jersey are losing their jobs, and it’s all our fault. Enough consumers prefer to buy digital downloads (when we buy music at all) that Sony is closing down their Pitman, NJ CD factory at the end of March. [More]
Reacting to fading sales in most types of disc-based entertainment, Best Buy plans to slash shelf space for CDs and DVDs, making room for things that sell better, which encompasses just about everything else at Best Buy. [More]
V. and her parents are having a heck of a time cashing in the certificate of deposit they opened jointly. She says it just matured, but she’s in Canada (she doesn’t say where her parents are) and they gave power of attorney to another party. BofA won’t deal at all with this other person, but what’s worse, V. says they’ve taken her name off the account entirely. [More]
Peter spotted this ad while making a deposit at a Central Pacific Bank in Hawaii. The idea of opening a certificate of deposit without getting interest seems fairly sketchy, but if you really dig Sony products and don’t want to pay for them with the massive amount of money you’re depositing, maybe a deal like this would work out for you. [More]
A few weeks ago, we posted about the rebranding of and promising new start for Ally Bank, formerly GMAC. But one new customer isn’t very enthusiastic about their services.
Do you have a dozen or so unusable CDs or DVDs lying around, some glue and tools, and a burning need for a cool-looking iPod or iPhone dock? Geeky Gadgets can show you how to combine all of these things into a functional, and fashionably recycled, gadget.
We received this tip from an alleged Borders employee today. According to this person, if you saw some yellow discount tags of 30% off DVDs and CDs in your local Borders store this weekend, it’s a sign that they’re closing out those sections except for top sellers. Expect to see much steeper discounts in the coming weeks. The full tip is copied below.
Did you know that you might be able to negotiate CD rates with your bank? I didn’t, until I read a recent Bankrate post about it!