On 7/01/2016 10:36 AM, John Kuthe wrote:
> 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...
>
I haven't had a loan like that since 1970.

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Xeno