LogFAQs > #942196815

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Topic	What is the point of a savings account?
furb 07/16/20 3:55:32 PM #14:	cuttin_in_farm posted... I dont know what this is. That $250k thing? Maybe savings are more useful for rich people. Or if the stock market craters. Not saying it is likely but they exist for a purpose. To protect your money and maybe earn some interest on the side. That is all. As noted, rates used to be better but they are still the place to park money you need on hand regardless of time or stock market situation. Hence, their point. --- You know how fads are. Today it's brains, tomorrow, pierced tongues. Then the next day, pierced brains. -Jane Lane <cite>furb posted [p:942196815] in What is th... [t:78851060]...</cite> <quote>cuttin_in_farm posted... </cite> <quote>I dont know what this is. That $250k thing? Maybe savings are more useful for rich people.</quote> Or if the stock market craters. Not saying it is likely but they exist for a purpose. To protect your money and maybe earn some interest on the side. That is all. As noted, rates used to be better but they are still the place to park money you need on hand regardless of time or stock market situation. Hence, their point. --- You know how fads are. Today it's brains, tomorrow, pierced tongues. Then the next day, pierced brains. -Jane Lane</quote> ... Copied to Clipboard!
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