InvestorsHub Logo
Followers 252
Posts 28473
Boards Moderated 3
Alias Born 07/07/2004

Re: Chyna9 post# 606156

Saturday, 05/09/2020 12:21:42 PM

Saturday, May 09, 2020 12:21:42 PM

Post# of 648882
If your first bank account paid 6% then you're pretty young. Passbook rates (an archaic reference) also were about 1% in the late 1940s thru the early 1950s.

Anything new paying 3.5% is a loss leader. It won't last long. I have insured 5-year bank CDs paying that, but I bought them in early 2019.

______________________________________________________________
Because the Good Life is Just a Pump or Two Away

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.