Aren't they sort of printing new dollars privately accelerating the fleecing? Or am I wrong?
Not anymore than a USD deposit account. Just with extra steps.
> Not anymore than a USD deposit account
These typically pay interest. (Or have retail servicing costs attached.)
Oh yeah, if you get a USD savings account from major nationwide banks you'll be getting exciting interest rates of up to 0.02% [1], assuming you have a 'relationship bonus'. BofA gets up to 0.04% [2], with the right tiers.
[1] https://www.chase.com/personal/savings/interest-savings/inte...
[2] https://www.bankofamerica.com/deposits/savings/savings-accou...
not anymore, this is not guaranteed in the "app age". and the interest was always negligible.
Not anymore than a USD deposit account. Just with extra steps.
> Not anymore than a USD deposit account
These typically pay interest. (Or have retail servicing costs attached.)
Oh yeah, if you get a USD savings account from major nationwide banks you'll be getting exciting interest rates of up to 0.02% [1], assuming you have a 'relationship bonus'. BofA gets up to 0.04% [2], with the right tiers.
[1] https://www.chase.com/personal/savings/interest-savings/inte...
[2] https://www.bankofamerica.com/deposits/savings/savings-accou...
not anymore, this is not guaranteed in the "app age". and the interest was always negligible.