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View Full Version : Got to love those Banks


PICSIX
12-17-2015, 08:52 AM
All banks immediately raised their prime lending rates on the Fed rate hike, however, they left their savings rates the same.....screw the customer :ThmbDown:
http://money.cnn.com/2015/12/16/news/economy/fed-rate-hike-savers/index.html?section=money_latest

1st time lasix
12-17-2015, 11:48 AM
Yeah...like we were all lining up to earn a 0.2% taxable return on our savings accounts. :faint: Money left in the bank or in money markets is for liquidity and preservation of principal----not for real investment. Heard of stocks,.. real estate,... muni bonds? The banks are convenient punching bag to complain about though....

sammy the sage
12-18-2015, 09:36 PM
Yeah...like we were all lining up to earn a 0.2% taxable return on our savings accounts. :faint: Money left in the bank or in money markets is for liquidity and preservation of principal----not for real investment. Heard of stocks,.. real estate,... muni bonds? The banks are convenient punching bag to complain about though....

You should REALLY study history more...ie...Thomas Jefferson...central banks...ect.....