On 2016-01-06 9:07 AM, Cindy Hamilton wrote:

>> Er, no. The bank pays interest to ME :-)
>
> Sure, but it's probably a trifling amount compared to what they
> earn by loaning your money out.
>
> Savings accounts in the U.S. are currently paying an average of
> 0.48% and checking accounts (if they pay interest at all) are
> paying 0.41%. Hope you're doing better over there.
>

Funny how banks are making huge profits these days while interest rates
are pitifully low. It is annoying after years of putting away money form
earnings and inheritances into savings accounts. When various accounts
come due and I have to go and see the financial consultant I see that
the money I will get from it barely pays for the gas to drive over
there. I can't help but think back to 1977 when I bought our house and
was paying 10 1/4 % on the mortgage, and then had to renew in 1982 at 18
1/2%. Now that I have money in the bank it I am lucky to get 1-1/2%.