Bank accounts, you mean the one place most people specifically do get interest, the opposite of what this post is pointing out?
Comment on Government bonds anyone?
blazera@kbin.social 11 months ago
wait til you hear about bank accounts
PatMustard@feddit.uk 11 months ago
FlyingSquid@lemmy.world 11 months ago
Savings accounts get interest. Paychecks usually don’t get deposited in them and people don’t have enough left over to save much anyway.
SeducingCamel@lemm.ee 10 months ago
It’s like 0.5% but my credit union has interest on checking lol
blazera@kbin.social 11 months ago
Mine doesnt. I cant find the data about how many accounts do.
PatMustard@feddit.uk 11 months ago
Wow, you really shouldn’t have your money in any accounts that aren’t giving above-inflation interest
yamapikariya@lemmyfi.com 11 months ago
Those pay dividend
RagingRobot@lemmy.world 11 months ago
That’s stock
yamapikariya@lemmyfi.com 11 months ago
No. My checking and savings bank accounts both pay dividends on a monthly basis.
Cowbee@lemmy.ml 11 months ago
Interest and dividends are not the same thing.
SpaceNoodle@lemmy.world 11 months ago
Not all stock.
RagingRobot@lemmy.world 11 months ago
Not all but some.
Definition: Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment
shalafi@lemmy.world 11 months ago
They make their money by investing mine. In return, they provide me a safe place for my cash and financial services. Fair deal. I’m OK with that.
Having said that, fuck banks for private individuals. Go credit union, all the way. And while we’re at it, call your bank and tell them you don’t want overdraft protection. They have to turn off the NSF fees, and that’s not my opinion and it’s not negotiable. It’s law in the US.
SubArcticTundra@lemmy.ml 11 months ago
Just found out about credit unions. Banks, but non-profit. How did I not think of this earlier!?
onion@feddit.de 11 months ago
And now you learn about housing co-ops: Renting, but non-profit!
SubArcticTundra@lemmy.ml 11 months ago
Yes! And Community Land Trusts. I don’t know what this political position is called but I totally support it. Perhaps ‘Fairtrade Capitalism?’
aBundleOfFerrets@sh.itjust.works 11 months ago
My local uni has a credit union and no one uses anything else lol
SubArcticTundra@lemmy.ml 11 months ago
Wait, as a bank? I’m suprised your uni has one as I expected them to be quite hard to run. Wouldn’t you need to employ a couple of good economists to invest the monet, keep a part liquid, etc. for you?