PebHmong Discussion Forum

General Category => General Discussion => Topic started by: hmgROCK on September 03, 2019, 09:28:45 AM

Title: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: hmgROCK on September 03, 2019, 09:28:45 AM
i don't understand
it's not even 1%
but 0.01% of 1%


you are probably getting pennies and dimes, hahahah

but serious, why?
i just don't understand

there's soo many option out there, that gives out at least 2%

i got $15 from the month of august
what did you get??


 :idiot2: :idiot2: :idiot2:

(https://i.imgur.com/Y323QW6.jpg)
Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: DuMa on September 03, 2019, 09:36:16 AM
or 0% cuz you know,  having win nothing is better than losing   :D
Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: hmgROCK on September 03, 2019, 09:39:11 AM
or 0% cuz you know,  having win nothing is better than losing   :D

Lol

That’s crazy
Its a savings account
You can’t lose your money

Why would you accept a 0% rate
You supposed to get interest for depositing your money

Hahaha
Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: hmgROCK on September 03, 2019, 09:40:18 AM
Old mind set
I guess
Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: hmgROCK on September 03, 2019, 10:21:24 AM
Do a ladder CD like me
You get even higher rate
Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: nightrider on September 03, 2019, 05:50:53 PM
Because Cds aren't any better and I need to be able to clean it out at a moments notice. With CD, you're stuck with that scheduled plan til maturity or face penalties.
Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: azn-guy on September 03, 2019, 06:11:37 PM
i literally just transfer my savings money to another bank account for 1.7%

i wished i would have known this sooner a couple of years ago, i would of earn a couple hundred dollars or more
Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: theking on September 03, 2019, 06:27:16 PM
i don't understand
it's not even 1%
but 0.01% of 1%


you are probably getting pennies and dimes, hahahah

but serious, why?
i just don't understand

there's soo many option out there, that gives out at least 2%

i got $15 from the month of august
what did you get??


 :idiot2: :idiot2: :idiot2:

(https://i.imgur.com/Y323QW6.jpg)

Why do all that just to get "$15" when you can just win the lotto since you're the "hmong Nostradamus and is always right"??  ???

Talk about "  :idiot2: :idiot2: :idiot2: "...
Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: hmgROCK on September 03, 2019, 11:06:31 PM
i literally just transfer my savings money to another bank account for 1.7%

i wished i would have known this sooner a couple of years ago, i would of earn a couple hundred dollars or more

That’s wasup
I’ve been saying these for years
But these PH mod always deletes my threads and comments

You should start see interest next month

And don’t forget who help you
Your ph brother

Hmgrock
Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: hmgROCK on September 03, 2019, 11:10:22 PM
Because Cds aren't any better and I need to be able to clean it out at a moments notice. With CD, you're stuck with that scheduled plan til maturity or face penalties.

Gotta plan ahead when you do CD
If you need money to down a house
Stick with High saving/checking account

None of these 0.01% rate
Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: DuMa on September 04, 2019, 02:40:29 AM
Just like a financial portfolio, I am diversifying mine so I can't get screwed unless the internet is broken.

Offshore plus online that yields me the highest rates for parking my money.  I mean I'm not touching my money now so why not just park it and let it grow with them weeds? 

Here goes some online banking for ya.  2.55%  plus FDIC insured so can you dig?   O0

https://www.bankrate.com/banking/savings/rates/ (https://www.bankrate.com/banking/savings/rates/)

Only thing is that there is a min amount which can be high or take 2.3% with a min of just $100 plus it takes days before you can even get your money as to lets say parking your money at your local bank where money is accessible right away. 


If my math is correct, parking $25K for a year should yield you around $500.  That's $500 as to peanuts had you park it elsewhere or $0 if you are like them welfare people who don't trust banks or don't want the government to know that you are a baller on government's aid and stashing your money under your mattress. 

$250K fdic insured is $5000 a year.  Hot dayam that's better than most companies giving away Xmas bonus checks. 



Title: Re: why some of yall keep your money in saving account with low rate 0.01% ???
Post by: hmgROCK on September 04, 2019, 07:03:14 AM

If my math is correct, parking $25K for a year should yield you around $500.  That's $500 as to peanuts had you park it elsewhere or $0 if you are like them welfare people who don't trust banks or don't want the government to know that you are a baller on government's aid and stashing your money under your mattress. 

$250K fdic insured is $5000 a year.  Hot dayam that's better than most companies giving away Xmas bonus checks.

yup your math is correct
but don't stop there

you get a billionaire like jeff bezo

$1,000,000,000 x 2%=  $20,000,000  per year

 >:D >:D >:D