Comment on Government bonds anyone?

blazera@kbin.social ⁨9⁩ ⁨months⁩ ago

• shalafi@lemmy.world ⁨9⁩ ⁨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.

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  • SubArcticTundra@lemmy.ml ⁨9⁩ ⁨months⁩ ago

    Just found out about credit unions. Banks, but non-profit. How did I not think of this earlier!?

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    • onion@feddit.de ⁨9⁩ ⁨months⁩ ago

      And now you learn about housing co-ops: Renting, but non-profit!

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      • SubArcticTundra@lemmy.ml ⁨9⁩ ⁨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?’

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    • aBundleOfFerrets@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

      My local uni has a credit union and no one uses anything else lol

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      • SubArcticTundra@lemmy.ml ⁨9⁩ ⁨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?

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• PatMustard@feddit.uk ⁨9⁩ ⁨months⁩ ago

  Bank accounts, you mean the one place most people specifically do get interest, the opposite of what this post is pointing out?

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  • FlyingSquid@lemmy.world ⁨9⁩ ⁨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.

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    • SeducingCamel@lemm.ee ⁨9⁩ ⁨months⁩ ago

      It’s like 0.5% but my credit union has interest on checking lol

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  • blazera@kbin.social ⁨9⁩ ⁨months⁩ ago

    Mine doesnt. I cant find the data about how many accounts do.

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    • PatMustard@feddit.uk ⁨9⁩ ⁨months⁩ ago

      Wow, you really shouldn’t have your money in any accounts that aren’t giving above-inflation interest

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• yamapikariya@lemmyfi.com ⁨9⁩ ⁨months⁩ ago

  Those pay dividend

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  • RagingRobot@lemmy.world ⁨9⁩ ⁨months⁩ ago

    That’s stock

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    • yamapikariya@lemmyfi.com ⁨9⁩ ⁨months⁩ ago

      No. My checking and savings bank accounts both pay dividends on a monthly basis.

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      • RagingRobot@lemmy.world ⁨9⁩ ⁨months⁩ ago

        That’s interest

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      • Cowbee@lemmy.ml ⁨9⁩ ⁨months⁩ ago

        Interest and dividends are not the same thing.

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    • SpaceNoodle@lemmy.world ⁨9⁩ ⁨months⁩ ago

      Not all stock.

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      • RagingRobot@lemmy.world ⁨9⁩ ⁨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

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