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You'd be dumb not to take 0% financing. Put the money you would have spent buying outright in a savings account yielding 4%.
by anonporridge 3y ago
You'd be dumb not to take 0% financing.
Put the money you would have spent buying outright in a savings account yielding 4%.
- blep_ 3y agoWhere did you find a savings account yielding 4%?
- lotsofpulp 3y agohttps://www.investopedia.com/best-high-yield-savings-accounts-4770633 https://www.investopedia.com/best-high-yield-savings-account... https://www.doctorofcredit.com/high-interest-savings-to-get/ https://www.doctorofcredit.com/high-interest-savings-to-get/
- was_a_dev 3y agoSome accounts in the UK have been offering 6+%
- seabass-labrax 3y agoThe best interest account listed on MoneySavingExpert.com is at 5%, with the condition that you do not withdraw within 3 years of a deposit. Presumably these 6% accounts have similar requirements?
- anonporridge 3y agoThis comment right here is part of why the banking crisis has just barely started. Tons and tons of people have their cash sitting in a shitty Chase savings account yielding 0.1%, while there are many FDIC insured banks offering at least 3% and up to 5%. As a critical mass of these people realize the options available, they'll rapidly move their money with online transfers causing more banks to collapse. The extremely rapid outflows are what killed SVB, Signature, and Republic who were screwed because they had too many low yielding treasuries because the Fed hiked rates so fast. I've been yielding over 3% in a Capital One savings account since last year.
- unclad5968 3y agoWhat cap one account do you have? Mine nets a whopping 0.3% APY
- kelnos 3y agoAccording to [0], the "360 Performance Savings" is at 3.75% now. [0] https://www.capitalone.com/bank/open-an-account/ https://www.capitalone.com/bank/open-an-account/
- netheril96 3y agoThe Fed interest rate is well above 4%. No doubt some banks are offering 4%.
- 0x457 3y agoMy Marcus by GS gives me 4.15% and Ally gives be 3.75%.
- nickthegreek 3y agoApple themselves have a 4% savings account and will also give you 0% on device purchases through their Apple Card.
- cypherpunks01 3y agoWealthfront Cash account is 4.55% at the moment
- tombert 3y agoNot exactly a “savings account”, but Treasury Bills have routinely beat 4% for quite awhile, nowadays getting upwards of 5.25% for 13 week ones. They can be purchased quite easily from the US treasury website, or investment sites like Fidelity.
- epolanski 3y agoSome people are debt adverse. I would not even be bothered to go through the financing hassle for the few tens of $ of interest that would yield.
- Dylan16807 3y agoIf you have the money upfront and invest it in something safe, then it's not "debt" in any way that matters. As far as effort, if it's a high-yield savings account you should be getting one of those anyway, and then the phone-specific effort is a single transfer or doing nothing at all. And the financing itself is probably negligible.
- epolanski 3y agoI don't have a savings but an investment account. Doesn't make sense to me to sell my investments slowly to cover for monthly payments. If we were talking a car I would've agreed with you but I'd rather pay upfront for such smaller sums and get on with it.