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I happened to check what my citibank savings account pays these days...0.12% interest. Not that I keep any significant amount of money there, anyway. I would if
by jliptzin 4y ago
I happened to check what my citibank savings account pays these days...0.12% interest. Not that I keep any significant amount of money there, anyway. I would if they would pay remotely close to competitive interest rates, but I guess they're banking on most people being too dumb to realize that they can get 4-5% more on their money if they take 5 min to open an account elsewhere.
- kortilla 4y agoSome banks are even offering the better rate if you open a different account with the same bank. They are definitely depending on people not noticing.
- hypothesis 4y agoMight as well buy treasuries with higher rates and tax benefits. Should not take much longer to setup…
- garyfirestorm 4y agoCouple of weeks ago I opened a Citi High Yield Savings account ~3.5% interest rate. Took less than 30 seconds to open the account.
- jaywalk 4y agoI have a checking account that pays 0.1% APY. Savings account is at 3.6% APY. You are getting screwed.