What happens to your money - Deepstash
What happens to your money

What happens to your money

Banks don’t like to give away their money. That mindset is reflected in the interest rates of checking and savings accounts of 0,5% and 0.9% avg. annual interest respectively.

When you deposit your money in the bank, the bank turns around and invests that money at 7% a year or more. After they collect their profit, they give a tiny shaving of it to you.

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Music geek. Coffeeaholic. Travel advocate. Social media maven. Certified tv guru.

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