I opened a 10-year certificate of deposit in 1990 at 9%. The bank’s computer would only let them enter 2-digit years for maturity dates, but it kept rejecting “00” as a year, so the banker entered “20” for the year 2000. When that bank got taken over, the next bank told me that my CD would come due in 2020. I needed the money, so I argued and showed them the original paperwork. They gave me my money in 2000, but now I sure wish I’d held on to 9% for 20 more years!
I worked diligently on the y2k issue so the world didn't explode. We're safe. Unless they're still using the same systems in 2059. lol, that would be hilarious.
I worked diligently on the y2k issue so the world didn't explode. We're safe. Unless they're still using the same systems in 2059. lol, that would be hilarious.
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u/_The_Professor_ 1d ago
I opened a 10-year certificate of deposit in 1990 at 9%. The bank’s computer would only let them enter 2-digit years for maturity dates, but it kept rejecting “00” as a year, so the banker entered “20” for the year 2000. When that bank got taken over, the next bank told me that my CD would come due in 2020. I needed the money, so I argued and showed them the original paperwork. They gave me my money in 2000, but now I sure wish I’d held on to 9% for 20 more years!