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by MBCook
4 hours ago
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My checking account isn’t the best out there at 1%. Same with my savings account at 3.4%. Neither of those is anywhere near inflation. You are effectively losing money by parking it there. Most checking accounts don’t pay interest at all. I looked up Bank of America's savings account: 0.04%. You read that right. Effectively zero. And it’s a flat rate. Whether you have $10 or $10 million in there. |
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