FoodBanter.com - View Single Post

Dave Smith[_1_]

On 2016-01-07 9:42 AM, Janet wrote:
> In article >,
> says...
>>
>> On Wednesday, January 6, 2016 at 11:06:23 AM UTC-5, Janet wrote:
>>> In article >,
>
>
>>>> 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
>>
>> Checking accounts aren't investments,
>
> ? From D's post about putting away inheritances into savings accounts
> and seeing his Financial adviser, I thought he was talking about money
> invested.
>

You're right.