Current Events > Why do I have a savings account

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littlebro07
11/02/17 8:38:17 PM
#1:


Savings APY: 0.10% compounded quarterly
Checking APY: 2.24% compounded monthly

Credit Union just upgraded my checking account to earn interest two months ago. First month I got $0.86. Last month got $1.50. I'll normally get like $0.02 every quarter from savings.

Why the fuck do I have my money in savings
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CiIantro
11/02/17 8:38:54 PM
#2:


2% is still shit. Open a brokerage account like an adult.
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littlebro07
11/02/17 8:40:24 PM
#3:


CiIantro posted...
2% is still shit. Open a brokerage account like an adult.


I got shit to pay off before I start doing that
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emblem boy
11/02/17 8:41:57 PM
#4:


Online banks like Ally have a 1% rate
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ChrisHanson24
11/02/17 8:43:13 PM
#5:


which bank pays 2.24%?
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Axiom
11/02/17 8:43:25 PM
#6:


Yeah savings accounts these days are completely pointless
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Butterfiles
11/02/17 8:44:48 PM
#7:


mine is 1.1
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DarkProto05
11/02/17 8:48:41 PM
#8:


0.1% is pretty good compared to Chase. Cheap fucking bank offers like 0.001%. I get 2 cents per month on $2000.
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littlebro07
11/02/17 8:51:12 PM
#9:


ChrisHanson24 posted...
which bank pays 2.24%?


SAC Federal Credit Union

It's in the Omaha, Nebraska area. They used to have an account that paid 5.01% but they stopped offering it awhile ago.
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ChrisHanson24
11/02/17 8:53:59 PM
#10:


littlebro07 posted...
ChrisHanson24 posted...
which bank pays 2.24%?


SAC Federal Credit Union

It's in the Omaha, Nebraska area. They used to have an account that paid 5.01% but they stopped offering it awhile ago.

knew there was a catch, one your balance exceeds $10,000, they cut your rate to .05%
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littlebro07
11/02/17 8:54:50 PM
#11:


ChrisHanson24 posted...
littlebro07 posted...
ChrisHanson24 posted...
which bank pays 2.24%?


SAC Federal Credit Union

It's in the Omaha, Nebraska area. They used to have an account that paid 5.01% but they stopped offering it awhile ago.

knew there was a catch, one your balance exceeds $10,000, they cut your rate to .05%


Yeah. Highest I've ever had was $6000 though. Having $10,000 would make me feel rich as fuck.
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TendoDRM
11/02/17 8:58:56 PM
#12:


emblem boy posted...
Online banks like Ally have a 1% rate

1.25 now!
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CiIantro
11/02/17 10:35:23 PM
#13:


littlebro07 posted...
ChrisHanson24 posted...
littlebro07 posted...
ChrisHanson24 posted...
which bank pays 2.24%?


SAC Federal Credit Union

It's in the Omaha, Nebraska area. They used to have an account that paid 5.01% but they stopped offering it awhile ago.

knew there was a catch, one your balance exceeds $10,000, they cut your rate to .05%


Yeah. Highest I've ever had was $6000 though. Having $10,000 would make me feel rich as fuck.

Yeah, you arent ready for a brokerage account. $10k is the minimum amount to make it even remotely worth playing ball, and you should fully expect to have it be locked up for extended periods of time.
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