LogFAQs > #941442285

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Topic	Wait how are Savings Account "FREE" exactly?
EndOfDiscOne 06/29/20 5:23:16 PM #10:	Joeydollaz posted... I am seeing some asking for deposit, others don't ask deposit... then they say Hey Earn 50 bucks a Year just leave your 5000 here gaining interest. oh wooord? BUT I yet to see anything of how exactly they do all this without a Fee??? Explain is their a monthly bill for this situation?. That's only 1% interest. If you're smart, you'd make a lot more than that by putting your money in mutual funds or ETFs. Though it's not guaranteed. But that's how the bank can give you the $50--they take your $5,000 and make more than $50 off of it. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:941442285] in Wait how a... [t:78812496]...</cite> <quote>Joeydollaz posted... </cite> <quote>I am seeing some asking for deposit, others don't ask deposit... then they say Hey Earn 50 bucks a Year just leave your 5000 here gaining interest. oh wooord? BUT I yet to see anything of how exactly they do all this without a Fee??? Explain is their a monthly bill for this situation?.</quote>That's only 1% interest. If you're smart, you'd make a lot more than that by putting your money in mutual funds or ETFs. Though it's not guaranteed. But that's how the bank can give you the $50--they take your $5,000 and make more than $50 off of it. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!</quote> ... Copied to Clipboard!
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