RSS BotMB to Hacker NewsEnglish · 11 days agoWhy you should pay down your low-interest mortgageandrewbridges.orgexternal-linkmessage-square4fedilinkarrow-up15arrow-down10file-text
arrow-up15arrow-down1external-linkWhy you should pay down your low-interest mortgageandrewbridges.orgRSS BotMB to Hacker NewsEnglish · 11 days agomessage-square4fedilinkfile-text
minus-squarejordanlund@lemmy.worldlinkfedilinkEnglisharrow-up2·11 days ago“If savings accounts are paying 4% interest…” I’ve never seen a savings account anywhere NEAR that high…
minus-squareBillibusMaximus@sh.itjust.workslinkfedilinkEnglisharrow-up5·11 days agoAt 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.
minus-squarePagPag@lemmy.worldlinkfedilinkEnglisharrow-up2·11 days agoGuessing 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.
minus-squaretacosanonymous@lemm.eelinkfedilinkEnglisharrow-up2·11 days agoMine does when I have a certain amount in there. The rich keep getting richer or something.
“If savings accounts are paying 4% interest…”
I’ve never seen a savings account anywhere NEAR that high…
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.
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.
Mine does when I have a certain amount in there. The rich keep getting richer or something.