RSS BotMB to Hacker NewsEnglish · 1 year 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 · 1 year agomessage-square4fedilinkfile-text
minus-squarejordanlund@lemmy.worldlinkfedilinkEnglisharrow-up2·1 year ago“If savings accounts are paying 4% interest…” I’ve never seen a savings account anywhere NEAR that high…
minus-squareBillibusMaximus@sh.itjust.workslinkfedilinkEnglisharrow-up5·1 year 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-squaretacosanonymous@lemm.eelinkfedilinkEnglisharrow-up2·1 year agoMine does when I have a certain amount in there. The rich keep getting richer or something.
minus-squarePagPag@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year 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.
“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.
Mine does when I have a certain amount in there. The rich keep getting richer or something.
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.