Complaint Review: All America's Banks. -
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- All America's Banks. United States
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- Category: Banking
All America's Banks. Stealing our interest.
*General Comment: Then don't use banks.
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The banks have some nerve stealing America's interest on their savings accoun and lending our cash out to other companies up to 23% interest, while they only pay us 0.04% interest? Pennies on the dollar. This is what the banks paid us before they became corrupt and started stealing our money. The Law should make it that they can only charge what little interest they give us on our savings account for interest rates on our credit cards. Then it's fair.
14.6% In the early 70s, the average savings ratestarted to spike, hitting a peak of 14.6% in May of 1975. The spike in personalsavings rates from 1973 to 1975coincided with the deep recession that was ravaging the country over the same period of time.Mar 1, 2010 www.davemanuel.com › 2010/03/01 A History of Personal Savings Rates in the United States More results If you owe any money to anybody? pay off your debt and just keep your money safe in a mason jar buried in your backyard? for as I a bank called Citizens Savings Bank went belly up for Miss spending the customers money and they went bankrupt and I'm getting $5 checks from the FDIC one every couple of months sometimes they give me $15 check on a $30,000 bank account I had. Do not trust the banks? (they screw everybody).
What the banks pay you on interest on savings accounts? you spend more money wasting your gas to bring it to the bank and then you have to claim interest on your taxes what a joke and people still feed the banks...
https://www.bankrate.com/banking/savings/rates/
Suppose you deposit $5,000 into asavings account, don't deposit or withdraw any more money and the interest rate doesn't change. If theaccount has a 1.00% interest rate and the interest compounds annually—that is, the bank pays youinterest on your balance once each year—you'll earn $50 after the first year.
And meanwhile you have 18.9% interest on your credit card and they wonder why Americans can't get out of debt?
This report was posted on Ripoff Report on 02/09/2021 02:39 PM and is a permanent record located here: https://www.ripoffreport.com/report/all-americas-banks/stealing-interest-1504883. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 General Comment
Then don't use banks.
AUTHOR: John - (United States)
SUBMITTED: Saturday, February 13, 2021
Banks provide a 100 percent guaranteed place to store your money with 24/7 access to it and effortless transferability to pay your bills. It would be the best place to park your non-investment money if they paid ZERO interest. But go ahead and operate 100 percent on a cash-only basis. Just don't complain here when your money gets stolen or you get tired of the cost of the Money Orders at 7-11.
By the way, deposits are absolutely guaranteed through the FDIC. There's no doubt about it.
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