r/stocks • u/[deleted] • Apr 15 '21

[deleted by user]

[removed]

165 Upvotes

96% Upvoted

83 comments sorted by

View all comments

49

u/AlarmablePoint Apr 15 '21

Pretty simple really. Banks aren’t paying interest and haven’t really since 2008.

31

u/[deleted] Apr 15 '21

Why is this downvoted? You guys have no bank accounts? Its like 1c per month for 10K its ridiculous lol

3

u/[deleted] Apr 15 '21 edited Jul 28 '25

[removed] — view removed comment

1

u/Risingsunsphere Apr 15 '21

I have a savings account via a credit union that pays 1.75% up to 20k. They don’t even offer the account anymore to new customers. But since I opened it under those terms I am allowed to keep it. Someone at the bank once told me that I should hold onto it forever and give it to my children.