Banks Threaten To Charge You For Saving Money

Jump to Last Post 1-3 of 3 discussions (9 posts)
  1. Stacie L profile image87
    Stacie Lposted 4 years ago

    In an effort to protect their record profits, banks might soon charge you for the privilege of having a savings account.

    I know what you're thinking: Banks already charge customers outrageous fees for the privilege of having bank accounts. But if the Federal Reserve dares to try and help the economy by cutting a special interest rate it pays banks, fees could get even more outrageous, the Financial Times reports (subscription only). Such a move by the Fed would lose banks some easy money, and they could take the difference out of their customers' hides.
    Not only do they give almost non existent interest but now want to charge us for putting our money in the bank. They use our money to charge outrageous interest on loans.....robbers!
    http://www.huffingtonpost.com/2013/11/2 … lp00000592

    1. wilderness profile image95
      wildernessposted 4 years agoin reply to this

      Then don't use a savings account.  That's easy.

      1. Stacie L profile image87
        Stacie Lposted 4 years agoin reply to this

        Yes that's the obvious answer,but why isn't govt  intervening?
        They were bailed out and still want more from us..

        1. wilderness profile image95
          wildernessposted 4 years agoin reply to this

          Govt. does not normally interfere in business, particularly by setting pricing.  Although it is dying fast, there is still a feeling that the American citizen is capable of making decisions themselves.

          If you wish to pay a bank to hold your money for you, do so.  If not, don't put it there.

          1. GA Anderson profile image82
            GA Andersonposted 4 years agoin reply to this

            OMG! Can I believe what I read?

            Wilderness, step away from the table. Leave the bottle!

            Government does not normally interfere in business?

            Really?

            Can you name an entity that interferes more?

            Notice I did not say shape business practices - obviously the consumer does that.

            GA

            1. wilderness profile image95
              wildernessposted 4 years agoin reply to this

              Calm yourself, GA - the bottle is not empty yet.

              Perhaps that is a small overstatement, about the size of Mount Everest.  The intent was merely to point out that govt. does not normally set pricing.

  2. Zelkiiro profile image95
    Zelkiiroposted 4 years ago

    My checking account is my savings account.

    Problem, officer?

    1. wilderness profile image95
      wildernessposted 4 years agoin reply to this

      I went recently to open a new savings account and was told that there would soon be a charge for having it.  The result was a new checking account instead, just as you say.  The loss of interest is minimal anyway.

  3. Bishop55 profile image91
    Bishop55posted 4 years ago

    Join Capital One 360.  online banking, no fees!  I LOVE them!

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)