WRS
Well-known member
- Joined
- Mar 24, 2011
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I have a wachovia Way 2 Save account that I opened a few years ago. I don't really keep that much money in there because I'll invest it when it accumlates enough money. Anyway last month I had $619 in there at the start of the month. I earned $.02 interest. I don't really care about the interest but that's laughably low... $.24 on $619 per year...that's .038% interest. How are banks not just rolling in dough right now, especially with all the BS fees and whatnot they are charging.
Why would they pay higher levels of interest when they can't make jack shit off deposits? We are trying to put $2B to work right now and there's just no place to put it with any prospects for decent yield.