The Barn by Ralph Hagen for May 13, 2021

I’ll bet ther’s an account where you pay Rory.

Twice nothing is still nothing.

It’s the going rate….going, going, Right down the tubes….

Does Canada not have laws barring livestock from the financial sector of business?

Yes, they give us .01% to use our money, and charge us anywhere fro 6 to 30% to use theirs.

0.1% That’s generous . The most I have been offered from a bank for savings is 0.02%. It goes up to 0.1 if I keep 10,000. in . And yes they do use your money to make over 5.0% . Banks are not worth it anymore.

it is depressing what the financial institutions are doing. the only things that give you a decent interest rate are things that tie up your money like cds, annuities, etc for years and if you are on a limited income they aren’t an option. credit union gives you better interest rates over banks but no financial institution gives you the rates we experienced in the 70s,80s, and 90s.

“You’ll no longer have to worry about where your money is going… It’s going to us!”

I kept the booklet for one of my kids’ savings account and it shows the interest rate starting at 4% and then a slow decline to 0.1%. We closed the kids accounts after that because it wasn’t worth it to save there. We then kept track of how much our kids saved and gave them 4% from our own pockets.

Those accounts sound much like mine. Sigh.