Cornered by Mike Baldwin for July 08, 2010

“0% Interest on your deposits”? Don’t think I’d do business with that bank.

Still funny, though.

If you stuff your money into a mattress, even one that looks like an ATM, you’re not going to be earning interest, and there is a high likelihood that the mattress will be stolen.

Bank must have lent the money to the Mattress store

I’d accept 0% interest if they would waive the fees.

Apparently they charge 2% for calculating the 1% interest paid.

New Banking law is going to help people who overdraw their debit cards and don’t pay on time. To offset this, banks will raise other fees, reduce interest paid, and eliminate free checking, Our government is protecting stupid people on the backs of responsible bank customers. Thank you Senator Dodd. What about senators who get sweetheart mortgage deals from the banks he overlooks as Senatorial Banking Commission Chief? What, you’re not seeking re-election? Take the money and run.

Anyone remember when savings accounts paid 4% - 6%?

I wouldn’t put all my savings in my mattress. All those pennies make it too lumpy.

runar, i remember those days, not anymore though, they have to pay their upper management $22 million to retire at 50 years old then give them $250,000 a year retirement

It is really frustrating to try to teach wise financial management to my sons, when so little interest is paid on savings accounts.

pad your account.