Idk .04 sounds real juicy thats a whole 5 bucks a year. That's a large fry at McDonalds.What makes a giant monster megabank think you want to leave your savings with them at .04% interest when online banks are paying 4.171% on money market savings?
Someone in charge is getting way overpaid for their highly touted MBA in finance.
4.75% at Merchants Bank.What makes a giant monster megabank think you want to leave your savings with them at .04% interest when online banks are paying 4.171% on money market savings?
Someone in charge is getting way overpaid for their highly touted MBA in finance.
How do you think they got to be "giant monster mega banks", that are "too big to fail"?What makes a giant monster megabank think you want to leave your savings with them at .04% interest when online banks are paying 4.171% on money market savings?
Someone in charge is getting way overpaid for their highly touted MBA in finance.
And they still suck.No, they hold a lot more than MBAs, and they make decisions for their business, not you. Can't fault them for that model, since it's the "American dream", can you?
Also, each bank is, at any time, in a different decision-making matrix than any other bank.
Mine, for example, is a great place to borrow money right now, and not as good for investing your money. Goes in cycles, and if you bump this thread in 5 years, I might be the opposite of that.
Is that Money Market savings rate?4.75% at Merchants Bank.
Aside from them, credit unions for the win...
Oh! And the credit union I used to use sucks just as bad on the savings rate.Is that Money Market savings rate?
Yes, that's the money market rate. Minimum $50 deposit.Is that Money Market savings rate?
Yep, Navy Federal is at 5% or better depending on amount and time.I had quite a bit of money sitting in my CU for years when I started noticing that some banks had CDs at around 5% a couple years ago. All I had to do is inquire and was told they had CDS, money market accounts, all available at competitive rates.
Yep, but treated like a checking account, but only 10 free transactions a month.Is that Money Market savings rate?
It's a thing you put money in every payday.What's a savings account?
It's a skill many aren't taught and NEVER learn.It's a thing you put money in every payday.
And once in awhile you move it to a better interest rate.
Im not a money person but I was taught this long ago.
Always pay yourself FIRST.