• Echo Dot
    link
    fedilink
    English
    arrow-up
    7
    ·
    edit-2
    5 months ago

    I actually do have savings it’s just for some stupid reason the bank don’t seem to want to give me decent interest rates.

    • AwkwardLookMonkeyPuppet@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      4 months ago

      Savings accounts almost never have good rates. Hell, my checking account pays more interest than my savings account, which is still almost nothing. You have to move your money into money market accounts, CDs, bonds, or other stable investment vehicles if you want to earn a little guaranteed return on your savings. The problem with that is that it’s not instantly available for critical emergencies.