301–306 of 306 posts
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Thanks for that info. I use uBlock Origin, and I'm not ever seeing these ads, so I was not aware!
"Featured Offers" section and "Offers from banks you may use" are not blocked by an ad blocker, it's part of the content.
Do you have a more preferred financial website?
This is the best savings account out there, imo 1. The rate is 0.25 percentage points higher than Goldman’s own Marcus account. Apple extracted 0.25% in rent from Goldman and gave it to their customers. 2. FDIC insured through Goldman, and the max deposit is the FDIC limit, $250k. 3. Easily usable in Apple Pay, so almost like a high interest debit account. I’m moving a bunch of cash over once I set it up edit: unclea…
https://www.nytimes.com/2023/04/18/business/goldman-sachs-1q...
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I'm getting 4.25% from Vanguard's "Cash Plus" account[0], which is also FDIC-insured (up to $1.25M). I don't use Apple Pay so can't comment on 3, but I'll happily take an extra 0.10% interest at the cost of only being able to use it as a savings account - though I do recognize that others might disagree! [0] https://investor.vanguard.com/investment-products/cash-inves...
Compared with inflation, you're still losing money holding dollars.
I feel somewhat confused; my current Wells Fargo saving account APY is 0.01% where did I go wrong? Seems like I might be shifting my money to a new home. Edit: In the very least it will educate many uninformed folks like myself they are getting shafted at their current banks. Double edit: Thank you for all the helpful links and information!
The federal bank pays 4.9% interest rate right now.[0] This was a new policy enacted in 2008 -- it didn't used to pay interest rates on deposits. That's the "wholesale" savings interest rate. The less you are making compared to that, the more your bank is profiting. As an aside, the interest the banks earn from this is newly created money. With 17 trillion dollars currently deposited, that's $833 billion of inflation…
> With 17 trillion dollars currently deposited, that's $833 billion of inflationary pressure every year.
specifically, this part, what do you mean by pressure and which way is it pushing
> that's $833 billion of inflationary pressure every year.
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I definitely agree with un-bundling for the best services over all. The problem with credit unions are most are regional (though some are not). I have the best CU in my area which is fine, but it doesn't have a competitive credit card offering or savings rate. It does have good service and some good other benefits and I use it for my main checking account. I don't agree CUs are more competitive always than big banks.…
> The problem with credit unions are most are regional My CUs are west-coast, and I moved to the east coast last year. I haven't run into any problems. On the off-chance I had to walk into a brick-and-mortar bank (depositing cash is about the only reason I'd need to do that, so never), I could visit a coop instead. > I don't agree CUs are more competitive always than big banks Absolutely. We're on a mainstream brand…
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Are there any good options to get decent APY on Eur or USD deposits in Europe?
IBKR pays interest on cash accounts with APY dependent on currency and amount of money invested: https://www.interactivebrokers.com/en/accounts/fees/pricing-...