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/biz/ - Business & Finance

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19111003 No.19111003 [Reply] [Original]

>tfw my online savings account just dropped to 1.25%

>> No.19111065

>>19111003
saving is a meme.

>> No.19111284

capital one is still at 1.50
for now

>> No.19111433

>>19111003
Whats the point, literal peanuts

>> No.19111448

>>19111003
real rate is negative factoring in inflation

>> No.19111454

>>19111003
no fuck you op

>> No.19111465

>>19111003
Fuck your savings. Buy some fucking equity like a man.

>> No.19111479

>>19111003
Also DollarSavingsDirect is still at 1.5% and I've found they're usually pretty high. They've been really good to me every time I use them.

>> No.19111504
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19111504

>>19111433
>literal peanuts
Maybe for you, poorfag.

>> No.19111533
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19111533

look into crypto lending and liquidity provision if you want a better rate

>> No.19111534

>ally

Same here bruv. Not that I use my savings but the fact they offered industry leading rates showed me they were lowest on the jew chart. Oh well, bank hunting can be fun. I also already have a cc with C1....

>> No.19111558

>>19111003
I remember when ALLY offered 2 and their CD 2.25%. Dropped steadily, I've out of there now

>> No.19111565

>>19111504
tell me more about how you got rich trying to outrun inflation

>> No.19111598
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19111598

>>19111565
Seethe more.

>> No.19111607

>>19111003
My savings account went from 1.45 to 1.05 from the start of the year to now. I was looking for a reason to move to some kind of investy, /biz/ type thing so on one level I'm glad.

>> No.19111610

>>19111558
I literally just switched to them last month. Will my goyscore take a hit if I open checking with chase and just let ally fester in the corner?

>> No.19111640

>>19111003
YIKES

>> No.19111644

>>19111479
This shit is better than Ally. They just don't waste money on marketing like Ally did.

>> No.19111667

>>19111610
I wouldn't bother. Nowhere is good. Chase has a shit ton of maintenance fees in their fine print, in fact their monthly account maintenance fee will far outweigh the amount you make in interest unless you have a substantial sum in their. Ally is the best of the worst desu.

>> No.19111675 [DELETED] 

>>19111565
Who says he has all of his net worth in cash. You don't have to be 100% invested at all times. I have 15% of my net worth in cash atm. I wish I could get 1.5%/ year on that. Here in Europe many banks have negative interest rates for large bank account balances.

>> No.19111718

>>19111610
Checking accounts have no effect on your credit score.

>> No.19111884

>>19111565
Who says he has all of his net worth in cash. You don't have to be 100% invested at all times. I have 15% of my net worth in cash atm. I wish I could get 1.5%/ year on that. Here in Europe many banks have negative interest rates for large bank account balances.
If you have $100k sitting in cash, 1.5% is $1.5k/ year. That's not "peanuts" even if you're wealthy. If you want to /make it/ you should care about these things. They add up. If normies took the time to optimize their savings, insurances, phone bill, internet bill, mortages etc. they could probably save $3k+/ year on average for a couple of hours of works. But they don't because "that's just peanuts". That's why they stay poor.

>> No.19111897

>>19111667
Thanks, USAA has been rotten to me for so long I finally decided to root them out. Ally was getting rave reviews at the time and the 1.5% interest on savings was at least a positive. Funny enough, I did have an account with Chase and accrued about 100 dollars in fees because I didn't fund the account for three months. They then sent me a check for that amount and closed the account (?) on the basis that they didn't "alert" me of my overdraft fees lol so I made out.

>> No.19112127

>>19111897
Chase is a piece a shit bank, no idea how they're still in business. I shopped around because I just wanted a good interest rate and Ally was the best. But this was almost 2 years ago, times were different and FED interest rates were different

>> No.19112137
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19112137

>>19111884
Truly based. Have one of my rare pepes.