RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 13 days agoWhy you should pay down your low-interest mortgageandrewbridges.orgexternal-linkmessage-square4fedilinkarrow-up15arrow-down10file-text
arrow-up15arrow-down1external-linkWhy you should pay down your low-interest mortgageandrewbridges.orgRSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 13 days agomessage-square4fedilinkfile-text
minus-squarejordanlund@lemmy.worldlinkfedilinkEnglisharrow-up2·13 days ago“If savings accounts are paying 4% interest…” I’ve never seen a savings account anywhere NEAR that high…
minus-squareBillibusMaximuslinkfedilinkEnglisharrow-up5·13 days agoAt your local bank, surely not. But there are high yield savings accounts in that range with various online banks. For example both Ally and Amex are at 3.8% right now, and were over 4% sometime in the last year or so.
minus-squaretacosanonymous@lemm.eelinkfedilinkEnglisharrow-up2·13 days agoMine does when I have a certain amount in there. The rich keep getting richer or something.
minus-squarePagPag@lemmy.worldlinkfedilinkEnglisharrow-up2·13 days agoGuessing you don’t have an online only bank. Banks with brick and mortar locations will never pay as much as the former because… you’re paying for physical locations.
“If savings accounts are paying 4% interest…”
I’ve never seen a savings account anywhere NEAR that high…
At your local bank, surely not. But there are high yield savings accounts in that range with various online banks.
For example both Ally and Amex are at 3.8% right now, and were over 4% sometime in the last year or so.
Mine does when I have a certain amount in there. The rich keep getting richer or something.
Guessing you don’t have an online only bank.
Banks with brick and mortar locations will never pay as much as the former because… you’re paying for physical locations.