Is a credit union savings account rate of 0.03% APY reasonable?
Why is money worth so little when I deposit it, yet worth so much when I borrow? One of my credit cards has an APR of over 16%! That rate is over 500 times larger than the savings account rate offered. Does anyone else feel outraged by this?
Thank the Federal Reserve. They have set short term rates at Zero. Most investment firms have left the Money Market business as a result because there is no money to be made in this market anymore. This is one of the unintended consequences of the Fed's Quantitative Easing programs. They punish savers, particularly the elderly on a fixed income to prop up risk based assets artificially.
by Special Kay6 years ago
It is better to save money or pay off all your bills?
by Uneducated opinio5 years ago
Try and refrain from using a credit card for any purchases that are not a necessity. Things want should he paid in full to avoid getting stuck in ungodly amounts of debts. I learned this lesson a little late but I did...
by Penelope Hart5 years ago
Do you save money? I mean do you put money into a savings account regularly?Do you make enough money to save money? How do you save it? Do you save even though you can't afford to save? Are...
by SPomposello6 years ago
Let's say your employer doesn't match anything with your 401k, and you have no issues with saving money, you don't have a million expenses... is there any point in having a 401k, iRA, or anything of that sort then?I've...
by Kind Regards7 years ago
What investments are 99.9%* safe, as safe as a savings account?*I put 99.9% because I suppose nothing is 100% safe. Even money under your mattress could be stolen or lost.
by miakouna5 years ago
Do you have a savings account?
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