RSS BotMB to Hacker News@lemmy.bestiver.seEnglish • 2 months 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 News@lemmy.bestiver.seEnglish • 2 months agomessage-square4fedilinkfile-text
minus-square@jordanlundlinkEnglish2•2 months ago“If savings accounts are paying 4% interest…” I’ve never seen a savings account anywhere NEAR that high…
minus-square@BillibusMaximus@sh.itjust.workslinkfedilinkEnglish5•2 months 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-square@tacosanonymous@lemm.eelinkfedilinkEnglish2•2 months agoMine does when I have a certain amount in there. The rich keep getting richer or something.
minus-square@PagPaglinkEnglish1•2 months 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.