: TER General Board Discussion : I would consider leaving a deposit to get a better rate. Note: CONSIDER. -e-

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I would consider leaving a deposit to get a better rate. Note: CONSIDER. -e-

^___^ 1428 reads

posted 11 years ago

1 / 13

Deposit interest

If I give a deposit to a provider for a vacation but she rescheduled a few months later, shouldn't we be entitled to receive the interest difference the deposit would have accrued had it been sitting in an interest bearing account?

I was told by my CPA that according to the Consumer Financial Protection Bureau there are escrow rules that may apply to any money that sits around but this mostly applies to rent deposits and mortgages. He wasn't so sure about escort deposits.

Before I consult with my financial adviser, I would like to find out if escort related deposits are ever held in an interest bearing escrow account where the client is entitled to receive any interests accrued.

-- Modified on 1/15/2015 12:16:59 AM

inicky46 61 Reviews 296 reads

posted 11 years ago

2 / 13

Sorry but I am drunk and could not read this.

Please post it again in the morning. Then again, don't. I left a deposit on a provider just yesterday.

USGrantlover 225 Reviews 375 reads

posted 11 years ago

3 / 13

Ask Elizabeth Warren

My guess is she would know all about matters such as this.

Arovet 62 Reviews 301 reads

posted 11 years ago

4 / 13

I always leave a deposit...

Sometimes there is interest, sometimes not!

nom_de_plume 262 reads

posted 11 years ago

5 / 13

Absolutely! And the current interest rate for such an account is...

... hovering around 1%. I'll let you do the math on a few months' interest on your deposit.

Don't spend that interest all in one place!

SinCitySinner 67 Reviews 380 reads

posted 11 years ago

6 / 13

I have a better business model..

Given Federal Reserve has kept the interest rates so low for so long, I suggest that instead of collecting few pennies here and there on $500 or maybe $600 deposit, you just ask for a free session after 40 yrs of booking with her at least once a month... lol...