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Suggestions on managing HOA Reserve Funds Archived From: Finance

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   posted: Aug. 28, 2008 @ 1:32a
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I originally thought that it would be easy to take care of my HOA reserve funds. We have about $250k so I figured 3 saving accounts/CDs in 3 banks. After talking to WAMU (5.0% 13 month CD), I learned that they cannot open an account for HOA reserve funds. There is a strict requirement that these reserve fund accounts require 2 authorized signatures so some banks can't accommodate this. Does anyone have any personal experiences on where they put their HOA reserve funds?

   posted: Aug. 28, 2008 @ 1:33a

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   posted: Aug. 28, 2008 @ 2:12a
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deja vu. There was the exact question within the past two weeks.

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