Do you have a savings account? If you do, do you know how much interests is paid to your account for keeping a “saving” on board? I know, what a generous offer right? They save your money for you, and pay you in interests to do so!
But, what you may not realized is that banks don’t actually save your money. They loan it back to you and other people, at interest rates as high as 24% APR! While they pay you an abysmal 0.01% to loan from, or, ahem “save for you”.
If you are tired, irritated, I mean pissed at being ripped off by all the systems that is making profits out of us while we’re forced to lick the drips from the tap of the reservoir of wealth, keep reading.
To prove my point, take a look at all the bank rates tables/pictures below.
After you are done being pissed looking at those numbers, take a look at some of the better rate online savings and bank resources link after that which offers you at least 10x more than what you’re currently getting. You’re still being ripped off by the way, just less so.
The Alternatives
Ok, so what are your other options? Try these online savings below. Do your own reading to see which fits you.
5% APR Savings account
Where To Get 5% Interest Savings Accounts
0.60% APR Savings Account
https://www.liveoakbank.com/personal-banking/personal-savings/?RefId=lendingtree_RT&utm_campaign=awareness_savings&utm_source=lendingtree.com&utm_medium=rate%20table&utm_term=int_savings&utm_content=savings
0.50% >= APR Savings Account
https://www.nerdwallet.com/best/banking/high-yield-online-savings-accounts
Leave a comment or share if you find this post helpful. I have some more goodies to share later! Now stop that ridiculous lucky meme sharing and get angry, take charge of your money if you want to get lucky! ?
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