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> Savings accounts are essentially restricted checking accounts, so what's the point? Zero risk, but higher returns than a checking account. You may not care
by djrogers 8y ago
> Savings accounts are essentially restricted checking accounts, so what's the point?
Zero risk, but higher returns than a checking account. You may not care about the difference between 0% interest and 1.5%, but it is nice to have a few hundred $$ extra at the end of teh year.
- mattkrause 8y agoThe thing is that most savings accounts at big banks are closer to 0.15% than 1.5%. I think my Bank of America account made something like 42 cents last year.
- lorenzq 8y agoStop using a big bank then