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Credit Unions in my area (Portland, Or) have checking accounts that pay 1.0%-1.5%. No interest from Simple is the main reason I don't use them.
by donpdonp 13y ago
Credit Unions in my area (Portland, Or) have checking accounts that pay 1.0%-1.5%. No interest from Simple is the main reason I don't use them.
- sneak 13y agoBased on your average monthly balances in checking, is this really more than a few thousand a year? To me, the Simple app is worth at least that.
- shitlord 13y agoIf you have 120k with an interest rate of 1.0%, you are basically losing out on about $3.33 a day. In one year, you end up losing out on the amount of money you would need to buy a nice UHD monitor. It's simply not worth it, IMO.
- sneak 13y agoWho keeps $120k sitting in checking earning 1%? That's underwater against inflation. I am baffled by anyone who peaks their checking account beyond 30-40k.