51
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 29 Aug 2024
51 points (98.1% liked)
Personal Finance
3866 readers
41 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 2 years ago
MODERATORS
You can get over 1% currently now that the fed has the cental interest rates above zero. I mean its easy enough to not get interest. You can find checking accounts with zero interest even when rates are very high and you never need fear the 1099 then.
Indeed I’ve seen basic checking accounts with no interest. Then the more feature-rich accounts which offer a number of perks at either a higher fee or higher requirements to offset the fee also include interest. That’s really backwards because an anti-feature is being bundled in. By giving up interest the client should get more features, not less.