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No, I wasn't using Chase checking accounts, which pay zero. I was using an actual "savings account" I own which is listing right now at 0.01% monthly. "Passboo
by joezydeco 7mo ago
No, I wasn't using Chase checking accounts, which pay zero. I was using an actual "savings account" I own which is listing right now at 0.01% monthly.
"Passbook" is the traditional term for these accounts.
- JumpCrisscross 7mo agoFair enough, savings accounts are an anachronisticity bordering on a scam. The proper products are money markets or Treasuries being bought into a brokerage account.
- kasey_junk 7mo agoPassbook accounts are a specific kind of account known for having both lowered requirements (balances, credit of the account holder etc) and for subsequently lowered rates. They are for children and old people. I admit to glossing over your use of the term but now that you’ve pointed it out it’s an even more egregious use of the wrong tool.