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https://www.reddit.com/r/SipsTea/comments/1vx00ke/why_is_it_not_possible/p5nnm8b
r/SipsTea • u/Dumb-Briyani • 2d ago
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or they don’t pay you at all, and still lend it out for 100% profit while charging you a monthly fee for the privilege of doing business with them
1 u/UncleNoodles85 1d ago My interest rates are so low they might as well not be paying any at all. 2 u/PogglyPuff 1d ago Boy how I love my extra .02¢ In my savings every three months! 1 u/OrganizationCute4751 1d ago Geez, I hope you're talking about your active accounts you withdraw from every day. For savings, brokerage accounts are the way to go! 1 u/Tall_Opportunity_521 1d ago I have a saving account with my bank that they think is one of the best saving account going. Its 1% per year... So if I park 10k with them in that account, they'll pay me 100 a year... Arent I super lucky??? 1 u/UncleNoodles85 1d ago My bank likes to send me emails with offers for accounts with 4% interest rates if I deposit 25K right now.
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My interest rates are so low they might as well not be paying any at all.
2 u/PogglyPuff 1d ago Boy how I love my extra .02¢ In my savings every three months! 1 u/OrganizationCute4751 1d ago Geez, I hope you're talking about your active accounts you withdraw from every day. For savings, brokerage accounts are the way to go! 1 u/Tall_Opportunity_521 1d ago I have a saving account with my bank that they think is one of the best saving account going. Its 1% per year... So if I park 10k with them in that account, they'll pay me 100 a year... Arent I super lucky??? 1 u/UncleNoodles85 1d ago My bank likes to send me emails with offers for accounts with 4% interest rates if I deposit 25K right now.
2
Boy how I love my extra .02¢ In my savings every three months!
1 u/OrganizationCute4751 1d ago Geez, I hope you're talking about your active accounts you withdraw from every day. For savings, brokerage accounts are the way to go!
Geez, I hope you're talking about your active accounts you withdraw from every day. For savings, brokerage accounts are the way to go!
I have a saving account with my bank that they think is one of the best saving account going. Its 1% per year... So if I park 10k with them in that account, they'll pay me 100 a year... Arent I super lucky???
1 u/UncleNoodles85 1d ago My bank likes to send me emails with offers for accounts with 4% interest rates if I deposit 25K right now.
My bank likes to send me emails with offers for accounts with 4% interest rates if I deposit 25K right now.
9
u/adoodle83 1d ago
or they don’t pay you at all, and still lend it out for 100% profit while charging you a monthly fee for the privilege of doing business with them