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Janet

In article >,
says...
>
> 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%.

Surely you can find guaranteed investments with a better return than
that? Even govt bonds here are paying 4%.

Janet UK