Topic: Banks offering only 1.3% interest rates for Savings Account (Read 2368 times)
A friend is a very small percentage.It is better to leave money in bitcoin or some other altcoin.In my country, for a Deposit for 1 year, you can receive from 9 to 13% depending on the amount of the Deposit.I would like to know at what percentage this Bank issues loans?It would be interesting to calculate how much the Bank will earn without doing anything))
I went to my bank today to change money to foreign currency because I will be traveling abroad soon. I asked the lady what are the current annual interest rates if you decide to give your money to bank for certain period of time without being able to withdraw that money (Savings Account).
She said proudly that zhe interest rate is 1.3% which is the highest in the country. I was holding my laugh and smiled kindly to her and I said that even 1.3% is not enough for me.
What do you guys think? I think 1.3% per year is a joke. Money can lose that much value in one year so you didn't actually profit at all. What kind of interets rates do you get at your banks?
She said proudly that zhe interest rate is 1.3% which is the highest in the country. I was holding my laugh and smiled kindly to her and I said that even 1.3% is not enough for me.
What do you guys think? I think 1.3% per year is a joke. Money can lose that much value in one year so you didn't actually profit at all. What kind of interets rates do you get at your banks?
My saving in the banks always reduced because administration fee. I am prefer not saving much money in the bank and i am prefer convert it to several asset. Its much more profitable than keep it on banks account
This is wicked on the part of the bank and the government regulating them. Now you should start wondering why you should deposit your money in the bank when the interest will make no sense at the end. Meanwhile, you will marvel at the interest rate this banks place on loan.
In our country banks offered 2% interest rate on the savings account which is very low like if you deposit one lakh cash then you will receive 2000 n quarter basis so we can say that investors will receive only .167% on monthly basis and bitcoin is the best option. Bitcoin value is more big in the future but it takes some time for it.
In my country here, the bank that offer highest interest rate to my knowledge offer 1.6%. This rate to me is ridiculous and that's why I stop keeping large money in the bank. Although, consider the fact it is risk free, it is not really bad to some people if they don't have anything to do with their money.
I went to my bank today to change money to foreign currency because I will be traveling abroad soon. I asked the lady what are the current annual interest rates if you decide to give your money to bank for certain period of time without being able to withdraw that money (Savings Account).
She said proudly that zhe interest rate is 1.3% which is the highest in the country. I was holding my laugh and smiled kindly to her and I said that even 1.3% is not enough for me.
What do you guys think? I think 1.3% per year is a joke. Money can lose that much value in one year so you didn't actually profit at all. What kind of interets rates do you get at your banks?
She said proudly that zhe interest rate is 1.3% which is the highest in the country. I was holding my laugh and smiled kindly to her and I said that even 1.3% is not enough for me.
What do you guys think? I think 1.3% per year is a joke. Money can lose that much value in one year so you didn't actually profit at all. What kind of interets rates do you get at your banks?
WOuld you mind telling us from what region was that?Or specific country?Damn thats a fucking low man
1.3 per annum is a suicidal investment and even i am from asian I cant imagine that someone is having that difficulties in their own money that entrusted from banks
Maybe if thats the case,this will favor cryptocurrency community as people from that region will surely transfer their money to crypto and may have good enough income per annum,what you think guys?
Well, they have gotten served what they deserve with the decentralized space now, and let us see how they want to keep up with the competition upcoming in the long run. This is actually the main reason why the real believers will always want cryptocurrency to thrive knowing how things have been with banks over the years.
September 30, 2018, 01:17:41 AM
I think it is more or less the same here, not very enticing. Obviously, crypto investment can produce much higher rates, but you also have to count in the risk in those investments
Banks are in demand because it is not only a safe place to save but there are profitable bcoz of interest that what they say? whereas fiat money that you save in the bank is very susceptible to inflation, you can lose even if you get the interest, if told to choose of course I would rather keep the long term in gold..
Are we been deceive? Hell yeah.
However, I still don't consider gold as an investment since it's a hot item for thieves so somehow you're risking not just your money but your life. ( even considering a vault )
September 29, 2018, 10:14:09 PM
I think it is more or less the same here, not very enticing. Obviously, crypto investment can produce much higher rates, but you also have to count in the risk in those investments
Banks are in demand because it is not only a safe place to save but there are profitable bcoz of interest that what they say? whereas fiat money that you save in the bank is very susceptible to inflation, you can lose even if you get the interest, if told to choose of course I would rather keep the long term in gold.. 
September 29, 2018, 09:19:13 AM
1.3% is a joke, i don't think the value will be higer later on due to inflation. If we compared it to bitcoin then surely you can get better value for your money by putting your money into bitcoin. But why is the rate in your country so small and that's the highest? in my country you can get up to 5% for local currency and about 1% for dollar.
you are right, it is like having a low interest for such a long period, as they say, slowly but surely, but due to its term, there are no assurance that the amount of interest will be the same when it reached its maturity, that is why it is more acceptable to invest in bitcoin, there waiting period is not that long because of the volatility, that is why lot of investors are eyeing on crypto instead of investing in banks, though risky, the returns of investment is shorter than of banks
From my own side, I even get deducted for some bullshit services I did not even ask for rather than being given any interest on my savings and which is one of the reasons I have seen banks as shit holes where you save money, no benefit, nothing is guaranteed as you can even lose your money and then you are being controlled on how you want to spent your own goddamn earned money.
Hence, thankful for this decentralized space and God bless Satoshi, whoever he is or they are.
September 28, 2018, 06:40:14 AM
I think it is more or less the same here, not very enticing. Obviously, crypto investment can produce much higher rates, but you also have to count in the risk in those investments
i think interest offered by banks is less attractive, so it's a loss if we save money in bank. it is better indeed for investment, because interest is less than inflation that occurs
September 26, 2018, 10:29:51 PM
1.3% is a joke, i don't think the value will be higer later on due to inflation. If we compared it to bitcoin then surely you can get better value for your money by putting your money into bitcoin. But why is the rate in your country so small and that's the highest? in my country you can get up to 5% for local currency and about 1% for dollar.
you are right, it is like having a low interest for such a long period, as they say, slowly but surely, but due to its term, there are no assurance that the amount of interest will be the same when it reached its maturity, that is why it is more acceptable to invest in bitcoin, there waiting period is not that long because of the volatility, that is why lot of investors are eyeing on crypto instead of investing in banks, though risky, the returns of investment is shorter than of banks
September 26, 2018, 10:25:27 PM
I went to my bank today to change money to foreign currency because I will be traveling abroad soon. I asked the lady what are the current annual interest rates if you decide to give your money to bank for certain period of time without being able to withdraw that money (Savings Account).
She said proudly that zhe interest rate is 1.3% which is the highest in the country. I was holding my laugh and smiled kindly to her and I said that even 1.3% is not enough for me.
What do you guys think? I think 1.3% per year is a joke. Money can lose that much value in one year so you didn't actually profit at all. What kind of interets rates do you get at your banks?
She said proudly that zhe interest rate is 1.3% which is the highest in the country. I was holding my laugh and smiled kindly to her and I said that even 1.3% is not enough for me.
What do you guys think? I think 1.3% per year is a joke. Money can lose that much value in one year so you didn't actually profit at all. What kind of interets rates do you get at your banks?
WOuld you mind telling us from what region was that?Or specific country?Damn thats a fucking low man
1.3 per annum is a suicidal investment and even i am from asian I cant imagine that someone is having that difficulties in their own money that entrusted from banks
Maybe if thats the case,this will favor cryptocurrency community as people from that region will surely transfer their money to crypto and may have good enough income per annum,what you think guys?
September 26, 2018, 10:05:45 PM
1.3% is a joke, i don't think the value will be higer later on due to inflation. If we compared it to bitcoin then surely you can get better value for your money by putting your money into bitcoin. But why is the rate in your country so small and that's the highest? in my country you can get up to 5% for local currency and about 1% for dollar.
you are right, it is like having a low interest for such a long period, as they say, slowly but surely, but due to its term, there are no assurance that the amount of interest will be the same when it reached its maturity, that is why it is more acceptable to invest in bitcoin, there waiting period is not that long because of the volatility, that is why lot of investors are eyeing on crypto instead of investing in banks, though risky, the returns of investment is shorter than of banks
September 26, 2018, 08:20:29 PM
I went to my bank today to change money to foreign currency because I will be traveling abroad soon. I asked the lady what are the current annual interest rates if you decide to give your money to bank for certain period of time without being able to withdraw that money (Savings Account).
She said proudly that zhe interest rate is 1.3% which is the highest in the country. I was holding my laugh and smiled kindly to her and I said that even 1.3% is not enough for me.
What do you guys think? I think 1.3% per year is a joke. Money can lose that much value in one year so you didn't actually profit at all. What kind of interets rates do you get at your banks?
I think here in my country banks offers the same interest rate if I am not mistaken but as a crypto enthusiast I don't think I am interested with that interest rate for now. One thing is that I don't even have a savings account yet but I am still planning to get one soon if ever I have got some funds from crypto related job. As a bounty hunter gains are unstable so that is why I am focused on crypto rather than having accounts on banks. She said proudly that zhe interest rate is 1.3% which is the highest in the country. I was holding my laugh and smiled kindly to her and I said that even 1.3% is not enough for me.
What do you guys think? I think 1.3% per year is a joke. Money can lose that much value in one year so you didn't actually profit at all. What kind of interets rates do you get at your banks?
September 26, 2018, 07:55:01 PM
Saving money in banks return small value as interest rate hence business wise its better to invest such a money in other profitable things especially cryptos whose values can be 100x 1000x etc obviously in a few years time people will prefers hodling there fund in digital whose values will appreciate considerable due to massive patronage and adoption.
if compare interest from saving in bank and investing in crypto or stock market definetly different. bank only give small interest caused they guarantee all of our money, meanwhile in crypto no one could do this. September 26, 2018, 03:31:36 PM
Saving money in banks return small value as interest rate hence business wise its better to invest such a money in other profitable things especially cryptos whose values can be 100x 1000x etc obviously in a few years time people will prefers hodling there fund in digital whose values will appreciate considerable due to massive patronage and adoption.
September 26, 2018, 09:29:31 AM
I don't trust banks... I never did. I never liked to give my money only to be told when and where to use it. Plus putting your money in a bank means your money will just sleep and not earn any substantial amount. So what i did is i invested on something worth while. Businesses, crypto currency and others. That is how money works for you
I still believe the bank but at least I will not send too much money into the bank because you have said, our money will sleep when in the bank, although we do not have to lose, but people always want more money, no one accept their money so weak. Banks have too many activities and plans to deploy, they can not bring into full play the advantages and efficiency of our money, their competence is dispersed while we focus solely on development, money will be more effective when in our hands 
September 26, 2018, 08:33:16 AM
I think that number is a madness. It's really tiny. In my country, the savings interest rate is about 7% a year and I still think it is not worth the money and time that I will spend. So, I always choose to invest because it will help you earn more money in a short period of time although there is something to risk.
September 26, 2018, 08:02:14 AM
I guess you're lucky of you can have a 1.3% per annum interest rate in your savings account on your bank. These days i see less than one percent per annum. That is why i just use banks as a sort of wallet to be withdrawn and be used for something more substantial like trading. Essentially, putting my money in a bank and letting it sleep isn't worling for me.
Yeah of course, he is lucky and I think he is American, because as I know no other place in the world is giving such good profit on saving account. I think that people in this country will think a lot while withdrawing money from banks. In my country, the system is different. Here banks will never let you make money from your savings. They will use your money for their benefits and not for you. September 24, 2018, 03:52:43 AM
I don't trust banks... I never did. I never liked to give my money only to be told when and where to use it. Plus putting your money in a bank means your money will just sleep and not earn any substantial amount. So what i did is i invested on something worth while. Businesses, crypto currency and others. That is how money works for you
Jump to: