Stimulus Move May Hurt Savers
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that is why we use a credit union.
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Gee, I'm currently making the princely sum of one fourth of one percent interest on my savings.
I sure would miss that. |
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My dad's changing his fund allocation, as these low rates are actually behind inflation, therefore losing money.
Pete |
All of my savings is tied up in 401ks and a Roth to the tune of well over $300k. My savings account has about $5.12 in it. I do all of my other banking; checking account, auto loan, credit card, etc., through the Navy Federal Credit Union.
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Banks are already doing that but under guise of fees....a million
different fees. |
My bank is in Ottawa so pffft.
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