This is a roundup of news and other interesting pieces that I’ve come across over the last few days. Read about CD annuities, Hertz arrests are still a thing, TreasuryDirect website crash, plays with Southwest Wanna Get Away Plus fares, and TPG faces AA suit.
MYGAs are quite similar to traditional CDs in that you deposit a certain amount of money for a fixed amount of time and you get the money back with the interested added on top after the fixed timeframe. Like CDs, your money is often locked up for that fixed timeframe and you may have to pay a penalty or lose the interest gains if you withdraw before the agreed timeframe.
The rental company first said having their customers arrested for no reason was not a big deal because only a small percentage of customers get sent to jail, but finally came around claiming they’ve fixed the problem and would make things right with victims. Except incidents keep coming up after the problem was supposedly fixed. And they haven’t dropped any of the charges.
People searching for a respite from inflation have flooded the Treasury Department phone lines and website to try to buy Series I savings bonds, causing much longer waits than usual. It’s the latest example of outdated government computer systems causing anguish for Americans.
On May 2, the Treasury Department announced that the inflation-protected I bonds will earn 9.62 percent interest at least until the end of October. A day later, TreasuryDirect, the website that people have to use
Southwest recently launched Wanna Get Away Plus fares. There are some interesting options that you get when booking these fares such as booking a cheap flight and then switching to a better one, or making a voucher transferrable to someone else.
The Points Guy LLC must face an American Airlines Group Inc. suit over an app allowing users to track frequent flyer miles from all carriers in one place, a federal judge in Texas ruled.
US District Judge Mark T. Pittman on Friday denied Points Guy’s motion to dismiss the case as improperly filed in federal court in Fort Worth, where American is headquartered. Pittman said the venue was appropriate because a “substantial part of the events giving rise to American’s claims occurred in this district.”