On Wednesday, January 6, 2016 at 4:53:33 PM UTC-6, Ed Pawlowski wrote:
> 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%.

I love not having a car loan. I haven't had a car loan for years.

John Kuthe...