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submitted 5 days ago by [email protected] to c/[email protected]

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[–] jordanlund 2 points 5 days ago (3 children)

"If savings accounts are paying 4% interest..."

I've never seen a savings account anywhere NEAR that high...

[–] [email protected] 5 points 5 days ago

At your local bank, surely not. But there are high yield savings accounts in that range with various online banks.

For example both Ally and Amex are at 3.8% right now, and were over 4% sometime in the last year or so.

[–] PagPag 2 points 5 days ago

Guessing you don’t have an online only bank.

Banks with brick and mortar locations will never pay as much as the former because… you’re paying for physical locations.

[–] [email protected] 2 points 5 days ago

Mine does when I have a certain amount in there. The rich keep getting richer or something.