3 ms·
The rate goes up and down with inflation, high inflation, high interest - low inflation, low interest. But even then, yes some banks still offer no or 0.5% acc
by wingworks 2mo ago
The rate goes up and down with inflation, high inflation, high interest - low inflation, low interest.
But even then, yes some banks still offer no or 0.5% accounts.. because they can, and many people can't be bothered to figure out a better option, or "trust" there bank and don't want to move. (or the bank has high interest account, but make it complicated to use)
- MBCook 2mo agoWhen I first got a real high rate savings account it was 5%. I think my normal bank paid an incredible 0.05% at the time. You’re right it varies and that has been obvious lately as I seem to be getting monthly email warning me my rate would be going down.