RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 1 month 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 · 1 month agomessage-square4fedilinkfile-text
minus-squarejordanlund@lemmy.worldlinkfedilinkEnglisharrow-up2·1 month ago“If savings accounts are paying 4% interest…” I’ve never seen a savings account anywhere NEAR that high…
minus-squareBillibusMaximus@sh.itjust.workslinkfedilinkEnglisharrow-up5·1 month 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-squarePagPag@lemmy.worldlinkfedilinkEnglisharrow-up2·1 month 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.
minus-squaretacosanonymous@lemm.eelinkfedilinkEnglisharrow-up2·1 month agoMine does when I have a certain amount in there. The rich keep getting richer or something.
“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.
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.
Mine does when I have a certain amount in there. The rich keep getting richer or something.