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TopicWhat's the point of a savings account in a bank?
Medussa
02/16/21 10:29:35 AM
#22:


i'm old enough to remember savings accounts paying 3-5% interest rates. that was the appeal. decent return, but liquid. since the rates tanked over the last few decades, and the stock markets have become infinitely more accessible over the last one, there really isn't any point to a savings account anymore. all you're doing by using one is letting someone else make the profit on your money.

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