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re: For folks that are old enough to remember the high inflation of 70s-80s
Posted on 6/19/22 at 7:45 pm to saintforlife1
Posted on 6/19/22 at 7:45 pm to saintforlife1
One thing they will certainly be honest about is their savings account and CD interest rates.
All while now, as the mortgage rates are quickly climbing towards 8%+ and "high yield" savings accounts are like 1.25%
All while now, as the mortgage rates are quickly climbing towards 8%+ and "high yield" savings accounts are like 1.25%
5
Posted on 6/19/22 at 8:04 pm to Mingo Was His NameO
quote:
All while now, as the mortgage rates are quickly climbing towards 8%+ and "high yield" savings accounts are like 1.25%
I saw a credit union advertising 1.25% on a 5 year CD while driving passed a little while ago.
Posted on 6/20/22 at 6:04 am to Mingo Was His NameO
quote:well the geniuses quadrupled US dollars since the ‘08 crash. Banks don’t need your money to lend like they used to
All while now, as the mortgage rates are quickly climbing towards 8%+ and "high yield" savings accounts are like 1.25%
Posted on 6/20/22 at 8:49 am to Mingo Was His NameO
quote:
All while now, as the mortgage rates are quickly climbing towards 8%+ and "high yield" savings accounts are like 1.25%
As long as banks have surplus cash CD rates will suffer. Everyone needs to bury half their cash in the backyard, and the other half in their mattress, that may help.
Posted on 6/20/22 at 9:39 am to Mingo Was His NameO
quote:
One thing they will certainly be honest about is their savings account and CD interest rates.
If you had money in banks and CDs, you were the boss.
Posted on 8/10/22 at 12:59 pm to Mingo Was His NameO
quote:
All while now, as the mortgage rates are quickly climbing towards 8%+ and "high yield" savings accounts are like 1.25%
As long as the banks have ample cash on hand, this will continue.
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