/biz/ - Business & Finance

Why are banks allowed to create imaginary money and then lend that money, and then collect interest on those loans?

Trump just said this week he wants to fast track deregulation of the banks. How soon will we see another financial melt and how the fuck can we profit on this?

Redpill me on banks and bank accounts.

I'm trying to minimize/simplify my monthly costs and I feel like banks are trying to jew me.
They are also very curious about how much money I have, whether I work or not, what kind of work etc.

I don't want any of their advanced services, I don't want to borrow money. I just want to put my money there and occasionally pay for some stuff (mostly online).
It seems like 2-3€/month is the bare minimum for that service. Does this sound about right?

Uninformed Europoor who just moved to USA here

What's the best banking institution to bank with in the USA?

If location matters then I am currently located in the panhandle of Florida. My former Euro bank is Commerzbank but there really isn't anything left in that account. I am currently unemployed as I just moved here and I'm on a gap year awaiting enrollment in a university come the fall but because of the length I'm currently looking for something to keep me occupied until then. Any input and information in greatly appreciated. Thanks in advance.

I am looking to take out a £12,000 loan with the lowest interest possible.

This is to settle another loan of £7900 remaining and also to go towards some 'unexpected' costs that have come up over the last month. (Mainly car issues).

My credit score is 973/999 and I have never missed a repayment over the year my current loan has been active and on the one credit card i have.

What are the best options?
(Looking below 4% APR)

Why are Banks so evil?

Which bank should I chose to setup my first basic checking account? How does one figure out which bank to use?

Gooood evening ladies and gentlemen.

I come to /biz/ asking about the best methods of saving.

I am 22 and want to start putting some money aside, I can currently put comfortably £250-£500 aside but after doing a lot of reading and talking to my bank I fail to see the point in saving accounts and tax free ISAs...

So, my current account as far as I know earns no to little interest, but savings account boasts a huge 0.7% interest for the first year, falling to 0.2% from their on. Now for that first year lets say I save 4000, I get £28 in interest. The following year another 4000, totaling £8028, woopty fucking doo I then gain £16 interest. So why even bother having that other account to handle and mange?

Then theres 'tax free cash ISAs' - Again an introductory 1.25% interest and after the first year it drops back to 0.2% when the account gets changed to a 'cash isa saver' seems completely pointless. I am pretty sure my current account is 'tax free' anyway? So thats not even an added bonus.

Am I missing something or do they just try and sell you these worthless 'saving' accounts for nothing?

what's a good bank with high interest rates?

most are online banks i've never heard of except Ally bank. but reviews of it are bad. or is it just people with bad experience are leaving reviews?