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  • Interest rates going up

    From MATT MUNSON@21:4/108 to All on Monday, August 22, 2022 21:00:35
    It seems I might have to get my fathers credit cards consolidated before things go even crazy. cards that were 14.99 are now 16.49 and might go to 17.24. This is getting baaaad.

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  • From Spectre@21:3/101 to MATT MUNSON on Tuesday, August 23, 2022 19:08:00
    It seems I might have to get my fathers credit cards consolidated before things go even crazy. cards that were 14.99 are now 16.49 and might go to 17.24. This is getting baaaad.

    Interest rates are always a two edge sword. For those with any of that stuff called cash in the bank... savings... interest rates are finally going in the right direction. If you're on the credit side of the ledger not so much...

    Spec


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  • From Matt Munson@21:4/108 to Spectre on Sunday, August 28, 2022 09:50:48
    Hello Spectre!

    23 Aug 22 19:08, you wrote to me:

    Interest rates are always a two edge sword. For those with any of
    that stuff called cash in the bank... savings... interest rates are finally going in the right direction. If you're on the credit side of
    the ledger not so much...

    Yes, I have like around 5k in the savings account and im getting around 115 bucks a year in interest, but I might have to bail out my father. Which is not a fun proposition.




    Matt


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  • From Vk3jed@21:1/109 to Matt Munson on Monday, August 29, 2022 16:33:00
    On 08-28-22 09:50, Matt Munson wrote to Spectre <=-

    Yes, I have like around 5k in the savings account and im getting around 115 bucks a year in interest, but I might have to bail out my father. Which is not a fun proposition.

    Yeah bad timing got me. When I had $300k in the bank, I could barely manage $30/month of interest on the meagre interest rates offered. Now there's more debt and interest rates are rising. :/


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  • From phigan@21:1/112 to All on Wednesday, August 31, 2022 10:44:28
    Yes, I have like around 5k in the savings account and im getting around 115 bucks a year in interest, but I might have to bail out my father.

    Where can I do this?

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  • From Nightfox@21:1/137 to phigan on Wednesday, August 31, 2022 11:52:24
    Re: Interest rates going up
    By: phigan to All on Wed Aug 31 2022 10:44 am

    Yes, I have like around 5k in the savings account and im getting
    around 115 bucks a year in interest, but I might have to bail out my
    father.

    Where can I do this?

    I recently saw an ad from Capital One for a "360 Savings" account that gives you interest every month, which may provide something like this.

    Nightfox
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  • From Matt Munson@21:4/108 to Nightfox on Monday, September 12, 2022 20:27:31

    Hello Nightfox!

    I recently saw an ad from Capital One for a "360 Savings" account that gives you interest every month, which may provide something like this.
    Many of the online banks are doing around 2% in the USA.

    Matt


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