Savings accounts

[Anonymous No.55501016]

Zoomer here. Is there a maximum amount that you get paid interest for in savings accounts? It seems too good to he true that you could put ten million in a bank and they'll literally just pay you 500,000+ a year.

[Anonymous No.55501032]

The catch is inflation and maybe taxes depending on your cunt
>interest is 5% and inflation is 10% = your savings lose 5% of real value a year
>you still have to pay tax on the 5% interest you "gained"

[Anonymous No.55501061]

>>55501016
That’s a dude.

[Anonymous No.55501079]

>>55501032
Well that's still better then than leaving the ten million to passively lose value from inflation, right?

[Anonymous No.55501084]

The catch is getting to 10 million in the first place bucko

[Anonymous No.55501091]

>>55501061
That’s somebodies son

[Anonymous No.55501098]

>>55501079
Look up etf investing. It’s better then a HYSA. I have about 20k in my HYSA and everything else going to sp500.

As far as it being better than nothing of course it is. Not many Americans have 10k let alone anything large. The majority of people are fucking horrible with money

[Anonymous No.55501100]

>>55501061
I think we're all ok with that.

[Anonymous No.55501143]

>>55501061
This AND unironically.

[Anonymous No.55501212]

>>55501016
Most people don't need $10 mil at the drop of a hat so most savings goes into long-term high-quality bonds, I imagine. Or CDs or something. Higher return.

[Anonymous No.55501225]

>>55501061
I thought it was an AI-generated abomination. Who knows anymore.

[Anonymous No.55501406]

>>55501016
If you want that low risk income just buy Money Market / Treasury funds...

Basically gov bonds maturing in less than 3 months

[Anonymous No.55501458]

>>55501016
The accounts with the best rates generally you can't touch for a period of time; they don't want you taking the money out. And then you get raped by inflation while jews profit from lending out your money multiple times over and charging interest on it.

[Anonymous No.55501716]

>>55501016
Ewwwww, gross!

[Anonymous No.55502027]

>>55501016
>It seems too good to he true
in principle, they are lending your money out and charging say 10% interest on the loan and then paying you 5% and keeping the other 5% for themselves. in practice it’s much more complicated, but I wouldn’t call it too good to be true, especially since it means the bank literally doesn’t have your money (even though your bank account says it’s in there). that’s what a run on the bank is: when too many people try to withdraw their money at once and the bank literally just doesn’t have it (not even digitally. we’re not just talking about them not having cash). again, in practice it’s even more complicated but that’s the basic principle. also, as other anons have said a savings account is unlikely to even pay enough interest to beat inflation.

[Anonymous No.55502233]

>>55501032
This. Also just invest around 800 usd in Blackswan and get lifetime access for the trading bot.

[Anonymous No.55502275]

Gyaaaaaaaaaaaaaatttttt

[Anonymous No.55502286]

>>55502275
What is this zoomer speak

[Anonymous No.55502296]

>>55502286
No spoonfeeding oldfaggot. Get ur zoomer up not ur funny up frfr no cappers

[Anonymous No.55502353]

>>55501016
Necklace suggests this is ai

[Anonymous No.55502442]

>>55501016
Is this AI generated or real? For the love of god...she's perfect

[Traveler No.55502485]

>>55501016

$10m in a bank isn't a very smart decision OP. It's only insured up to $250k. You could spread it out across multiple banks and then buy CDs, or something like that.

In fact, the more money you put in, the more benefits you usually get.

[Anonymous No.55502488]

>>55502275
>>55502286
>>55502296
Had to look this shit up, primo newfag shit. Go back to twitch/discord/tumblr or wherever you mulatto groomer retards hang out. Gas all zoomers.

[Anonymous No.55502489]

>>55502286
goddamn, in reference to a female(male) you find attractive or curvaceous
>>55502353
the thumb is more obvious and the lack of areola

[Anonymous No.55502497]

>Not knowing who emo doomer /mu/ posting popstar Billie Eilish is
proud-daddies.com

[Anonymous No.55502507]

>>55501016
Imagine working for your money when you could just open an OF with a million body like that.

[Anonymous No.55502587]

>>55502507
can you fucking retards really not tell this is AI Billy Eilish jesus christ maybe AI will take over

[Anonymous No.55502669]

Look up fractional reserve banking

[Anonymous No.55502697]

>>55502488
checked and this

[Anonymous No.55502702]

>>55502587
who's Al Billy Eilish

[Anonymous No.55503020]

>>55502587
Oh I see it now.
I don't really look at her dead eyes because it's a forced meme from her but now it has all that shiny shit AI does.

Either way, she should open an OF. She'd surpass Amouranth in no time. She just has to get tips on how to emote so we don't end up with another Lucie Wild situation.

[Anonymous No.55503651]

>>55501016
AI still can't do hands properly lmao

[Anonymous No.55503660]

>>55502442
>dead soulless zoomer eyes
>fat
raise your standards jfc

[Anonymous No.55503743]

>>55502353
clearly AI - she has a big tat on her thigh

[Anonymous No.55503823]

>>55501016
Literally tailor-made for BBC

[Anonymous No.55503977]

>>55501016
Please God, give me a woman that looks like this and never gets too fat.

Amen

[Anonymous No.55503996]

>>55503651
Meh, it doesn't need to

[Anonymous No.55504273]

>>55503651
This fag stares at hands lmao

[Anonymous No.55504338]

>>55501016
>they'll literally just pay you 500,000+ a year.
where do you find a savings account that has 5% interest?

[Anonymous No.55504417]

>>55501061
Thats ai you fools

[Anonymous No.55504427]

>>55503651
Fucking lmao lol.

[Anonymous No.55504460]

>>55504338
In bongland an easy access savings account pays 4.25%. Fixed period ones pay 6%

[Anonymous No.55504478]

>>55501016

[Anonymous No.55504494]

>>55503823
>>>/lgbt/

[Anonymous No.55504548]

>>55503823
please, for your family, take your meds and go to therapy.

[Anonymous No.55504558]

>>55504460
>4% interest when the inflation is like 15% per year
ahahahahahahahahahahah

[Anonymous No.55504724]

>>55501016
She is gorgeous (I know she is photoshopped/AI) but she looks like she is lazy in bed. Maybe it's her drugged out eyes oozing of low energy. Would be great to plow, but a man sometimes just wants to lay on his back and have a harpy drain him by hopping on his dick.

[Anonymous No.55505443]

>>55503996
goddamn that is sexy

[Anonymous No.55505503]

>>55501458
Also how does taxes work on it? You put/lock $60k for 30, 60 or 360 days or whatever...so you chose to withdraw your interests+unlock your money every month and the bank deposit your $60k

Do i have to pay taxes on said $60k or will the gov think by the 2nd month i magically have $120k ?

I suck at explaining sorry

[Anonymous No.55506098]

>>55505503
>i magically have $120k
no, you would only pay taxes on the interest