2 ms·

Aren't they sort of printing new dollars privately accelerating the fleecing? Or am I wrong?

• toast0 1y ago
  Not anymore than a USD deposit account. Just with extra steps.
  • JumpCrisscross 1y ago
    > Not anymore than a USD deposit account These typically pay interest. (Or have retail servicing costs attached.)
    • toast0 1y ago
      Oh yeah, if you get a USD savings account from major nationwide banks you'll be getting exciting interest rates of up to 0.02% [1], assuming you have a 'relationship bonus'. BofA gets up to 0.04% [2], with the right tiers. [1] https://www.chase.com/personal/savings/interest-savings/interest-rates https://www.chase.com/personal/savings/interest-savings/inte... [2] https://www.bankofamerica.com/deposits/savings/savings-accounts/ https://www.bankofamerica.com/deposits/savings/savings-accou...
    • 1oooqooq 1y ago
      not anymore, this is not guaranteed in the "app age". and the interest was always negligible.