The Central Bank of The Park has issued a reminder to all Park residents who intend to estivate this Summer: June 28 is the last day that deposits can be made.
A spokesAnimal for the Bank also advised Animals who are still seeking a place to park their funds during the dormancy period that they should be vigilant and “not believe in artificially high interest rates.”
“Remember the concept of ‘enough’ when researching [interest] rates. Remember, if something looks too good to be true, it may very well be,” said the SpokesAnimal.
Many of The Park’s financial institutions offer substantially higher interest rates to hibernators and estivators. But there is a catch, says Uzoma Serval, author of BankWoe.
“When the dormancy period ends for these Animals, they find they are not at liberty to withdraw their funds as they wish. They find they’ve signed away that right, without even knowing it. And their interest rate quickly plummets ten percent or more,” Serval says.
Estivation officially begins on Sunday, June 29. The Central Bank of The Park will be closed on Monday, June 30 for the mid-year tally.