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3% is the high-end of the “consumer” (aka “chump”) interest rates. In fact, since inflation is about 3%, over time your money doesn’t grow. (Though, if you’re e
by joshspankit 7y ago
3% is the high-end of the “consumer” (aka “chump”) interest rates.
In fact, since inflation is about 3%, over time your money doesn’t grow. (Though, if you’re earning less than inflation your money is actually decreasing in value, so maintaining is better than that)
- loco5niner 7y agoI got a 2.9% rate for my car loan and a 3.625 for my house. both pretty close to 3. Are my banks chumps?