|
So I was going to open a money market account
I've had checking, savings, stocks, and retirement for years but decided to set a little aside in a separate interest bearing MM account. The interest rate quoted to me was .01%. I thought he made a mistake speaking so I asked him to repeat that. This means if I put $1000 in, I'll get all of ten cents interest at the end of the year, on a grand. I'd have to put $10k in to get $1 in interest. I told the guy it's not worth the gas to drive over with the check.
I knew rates were low, but dammmmm!
__________________
1979 Porsche 911SC Targa
1996 Porsche 993 C4S
2005 Porsche 996 Turbo S
2020 BMW X3M Competition
2003 BMW M5
|