How much interest are you getting on your life savings? ( Archived) (8)

Nov 12, 2010 8:25 AM CSTHow much interest are you getting on your life savings?

How much interest are you getting on your life savings?(Vote Below)

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Nothing I have no life savings.
18
55%
Less than 1% mostly in a passbook account.
4
12%
2-3% on CD's and or Money market accounts.
1
3%
3-5% in the form of corporate stock dividends.
2
6%
5-8% in the form of Municipal bond funds.
1
3%
10+% in the form of Hi Yield Junk bond funds.
1
3%
100% by sticking up liquer stores or a ponzi.
6
18%
Total Votes
33
Just doing a survey of how most people maximize their savings and "wealth".
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Nov 12, 2010 8:53 AM CST How much interest are you getting on your life savings?
ladyfingers
ladyfingersladyfingersclovis, nm, New Mexico USA261 Threads 1 Polls 5,456 Posts
Hmmmm, taking names and making a list, huh? You scammer, you.

Seriously interest has gone down so far that it's hardly worth taking it out from under the mattress and to the bank.
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Nov 12, 2010 9:31 AM CST How much interest are you getting on your life savings?
Christmas1
Christmas1Christmas1Peterborough, Ontario Canada31 Threads 2,419 Posts
Financial issues, how much something costs are subjects that one just doesn't discuss with strangers (and relatives)...ummmm my daddy said so and I have followed that advice all my life.grin
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Nov 12, 2010 9:35 AM CST How much interest are you getting on your life savings?
monte12
monte12monte12Some where in NY, New York USA649 Posts
ooby_dooby: Just doing a survey of how most people maximize their savings and "wealth".



I don't have any kind of savings I live from pay check to pay check..laugh laugh
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Nov 12, 2010 9:41 AM CST How much interest are you getting on your life savings?
ooby_dooby: Just doing a survey of how most people maximize their savings and "wealth".


Well, good morning ooby!

That would really depend on how many aluminum cans I can find at the local trailer parks, and what aluminum is going for this week. dunno

So, I would have to say: It is variable interest! rolling on the floor laughing

-John-wave
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Nov 12, 2010 12:03 PM CST How much interest are you getting on your life savings?
TheresMyFriend: Well, good morning ooby!

That would really depend on how many aluminum cans I can find at the local trailer parks, and what aluminum is going for this week.

So, I would have to say: It is variable interest!

-John-
Hey, don't knock it I collected cans for years. Exit and entrance ramps of a highway is a good place to collect. I've been known to grab a few cans out of the recycle bin at the dump too.laugh
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Nov 12, 2010 3:43 PM CST How much interest are you getting on your life savings?
ladyfingers: Hmmmm, taking names and making a list, huh? You scammer, you.

Seriously interest has gone down so far that it's hardly worth taking it out from under the mattress and to the bank.
I agree. Savings accounts are nothing more than a safe place to park money you don't have an immediate need for. I haven't had a savings account in over 20 years. Interest bearing checking accts make more sense but you have to keep such a large balance most people can't afford it. Plus if your balance falls below the min they hit you with a big service charge.
My bank just started charging for deposit slips which use to be free now it's $12 for a book. So you have to pay their printing costs to give them money. doh
No wonder people hate banks.
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Nov 13, 2010 12:44 AM CST How much interest are you getting on your life savings?
Scubadiva
ScubadivaScubadivaNew Jersey, USA106 Threads 11 Polls 2,689 Posts
ooby_dooby: I agree. Savings accounts are nothing more than a safe place to park money you don't have an immediate need for. I haven't had a savings account in over 20 years. Interest bearing checking accts make more sense but you have to keep such a large balance most people can't afford it. Plus if your balance falls below the min they hit you with a big service charge.
My bank just started charging for deposit slips which use to be free now it's $12 for a book. So you have to pay their printing costs to give them money.
No wonder people hate banks.


Ooby.. handwrite them a note with the deposit info, sign it and attach it to the check that you want to deposit and screw the deposit slips. What are they going to do... not take the money? not deposit the check?

cool
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Nov 13, 2010 12:47 AM CST How much interest are you getting on your life savings?
jac379
jac379jac379pontyclun, South Glamorgan, Wales UK25 Threads 3 Polls 12,293 Posts
I haven't saved anyone's life for a while, so nothing interesting to report.

Sorry.
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Message #318

Stats for this Poll

33 Votes
951 Views
8 Comments
in Advice
Created: Nov 2010
Last Viewed: Apr 19
Last Commented: Nov 2010
Last Voted: Jul 2017

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