On 1/6/2016 11:13 AM, Janet wrote:

>>>>
>>>> Generally that privilege is offered to customers who maintain a
>>>> certain balance with the bank. Your payment for services is
>>>> essentially lending the bank your money, interest free.
>>>
>>> Er, no. The bank pays interest to ME :-)
>>>
>>>
>>> Janet UK
>>>
>>>
>> sure, but not nearly the amount they are making on your money. No
>> bank is giving anything away for free.
>> Janet US
>
> Just bank current account interest here, is more than twice what Dave
> gets on his best savings account.
>
> Janet UK


That can be good or bad. If you have savings accounts and use the
interest as income, you are not doing well here. OTOH, if you are
buying a house or car, interest rates in the US are very low. Mortgages
for 20 years are running 3% to 4%, car loans 1% to 2%.