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better to invest in stock market or buy PMs. Cash is trash these days especially when you factor in the (real) inflation rate.
Um no it's not. The stock market is a risk. A checking account is zero risk. And if you say cash is trash then paypal me what's in your checking account.
I agree Daniel. We are 71 and 64 and have very little desire for risk of any kind other than our IRA's. We do however end up with large amount in our checking accounts while we are deciding where to put that money or if we will need it for taxes. So a nice 4% checking account is great for us. Liquid and safe while earning interest.
I'm thrilled to find something which will work for us. Can't believe 4% is something to get excited about but it surely is.
I agree Daniel. We are 71 and 64 and have very little desire for risk of any kind other than our IRA's. We do however end up with large amount in our checking accounts while we are deciding where to put that money or if we will need it for taxes. So a nice 4% checking account is great for us. Liquid and safe while earning interest.
I'm thrilled to find something which will work for us. Can't believe 4% is something to get excited about but it surely is.
If somebody has close to 10 transactions/month before you heard about the offer, then go for it.
Quote:
Originally Posted by no kudzu
I agree Daniel. We are 71 and 64 and have very little desire for risk of any kind other than our IRA's. We do however end up with large amount in our checking accounts while we are deciding where to put that money or if we will need it for taxes. So a nice 4% checking account is great for us. Liquid and safe while earning interest.
What about the risk/money involved in driving around town using your debit card to make purchases? Most car accidents happen on spontaneous, short run trips--particularly parking lots!
You’re gaining about $60/month (4%-1% interest). Think about it, this sounds like the bare minimum of reward for the ‘hoops’ you will be jumping through; not to mention the awkwardness of charging 10 separate transactions while people are waiting/watching. Also, lots of room for error/miscalculation with 10 mandatory debit transactions/month!
The Banks are gaining valuable information pertaining to the continued illogic of the populace @ large.
If somebody has close to 10 transactions/month before you heard about the offer, then go for it.
What about the risk/money involved in driving around town using your debit card to make purchases? Most car accidents happen on spontaneous, short run trips--particularly parking lots!
You’re gaining about $60/month (4%-1% interest). Think about it, this sounds like the bare minimum of reward for the ‘hoops’ you will be jumping through; not to mention the awkwardness of charging 10 separate transactions while people are waiting/watching. Also, lots of room for error/miscalculation with 10 mandatory debit transactions/month!
The Banks are gaining valuable information pertaining to the continued illogic of the populace @ large.
Like I said, What I would do is use a self checkout (ONLY times... I HATE those things) and check out my groceries as 10 different transactions.
The chick in charge of 'watching' the self checkouts looked at me a little strangely, till I told her why.
By taking less than 5 minutes, I pretty much paid for my groceries each month. (I usually make another run or 2, but for minor things, fruit, vegies, bread etc)
I can't 'make' $60 in <5 minutes elsewhere....
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