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| Topic | What is the point of a savings account? |
| cuttin_in_farm 07/16/20 4:06:17 PM #17: | Giant_Aspirin posted... you can sell part of your investment, sure, but there is still some overhead and a delay there. if i want access to the money in my bank accounts i get it immediately. if i want access to money tied up in investments i need to initiate the sell and wait for the deposit to show up in my bank account which won't happen until the next business day or later. Hm... I see. So its not linked to my bank like I thought then. NightRender posted... I was moving money around recently and I guess my balance dropped below some threshold and got charged a service fee. That was probably more than the interest I made in the past decade from that account. May I ask what a high yield account is? My savings is through Discover and its only at 1.01% right now. And thats an annual percentage. I checked by checking bank, Ally, and their savings is only 1%. People yap on and on about saving your money. But they should give more incentive. --- A show of kindness may not do much help, but a show of cruelty may do much harm. ... Copied to Clipboard! |
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