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I switched to interest free accounts simply because I got tired of having to add a few dollars (or less) of interest to reconcile my Quicken accounts at the end
by SavantIdiot 5y ago
I switched to interest free accounts simply because I got tired of having to add a few dollars (or less) of interest to reconcile my Quicken accounts at the end of every month.
Such a joke. I remember when an ING money market was paying like some crazy 4 or 5% in the late 90's.
- ceejayoz 5y agoThose 4-5% interest rates on savings came with vastly higher rates in other areas, though. Mortgage rates of 10% versus today's 3% or so. They just follow the Fed funds rate up and down.
- SavantIdiot 5y agoOh yeah, that's a really important point. My first mortgage was 8.5% ... on a $130k 2400sqft house in a metropolitan area that now goes for >800k on zillow.
- jedberg 5y agoING gave 5%, but mortgage rates were also 8-9% and car loans even worse. I remember my first car, which I got in December '99, had a 13.1% interest rate, and that was already at the lower end. So my point is it's all relative.