5 Places To Keep Your Money When You Don't Trust the Banks
In the event of a burglary, under the mattress is one of the first .....the second are big Banks
I keep my place spartan and throw out anything
I don't absolutely need like banks and piggy banks and money MONEY IS ONLY A FILTHY THING
- GIVE THE MONEY TO AMERICAN YES WE CAN BANKS
- THEY ARE INFLATION FREE
- Economics,ECONOMIC sci-fi recommendations, and JUST COMIC distraction from productive activity AND REAL RATES OF INFLATIONAMERIKA THE BRAVE THE PURE IS INFLATION FREELOOK AT MY RATES AMERICA SAYSA XXX RATED NATIONRULED BY MASONIC PEOPLE AND COCA-COLA PEOPLE
Wednesday, April 23, 2014
The Neo-Fisherite Rebellion
Over the last three years, a quiet rebellion seems to have sprung up in macroeconomic circles. So far, it's limited to a few whispers, a couple of papers, and the odd blog post or dinner speech, but it represents a striking break from conventional thinking. And despite my best efforts, I find myself unable to convince myself that it's wrong. The rebellious idea - which I've decided to call "Neo-Fisherite" - is that low interest rates cause deflation, and high interest rates cause inflation......AND STAGFLATION DON'T EXIST - stagdeflation exist's?
First, the basic idea. The Fisher Relation says that nominal interest rates are the sum of real interest rates and inflation:
R = r + i
That's not an assumption, that's just a definition (actually it's an approximation, but close enough,,,,,AMERICA IS INFLATION FREE - AND INTEREST RATES ARE FREE WELL MORE OR LESS DEBT FREE
- THE DEBT IS KEPT IN FREON....
- Ally Bank. Ally Bank is committed wholeheartedly to online banking. It offers multiple options for making deposits, which range from conventional mail to cutting-edge mobile apps. Because Ally reimburses ATM fees from other banks, you can access your money from virtually anywhere in the country. Ally also deserves kudos for its website, which has a clean, easy-to-use design. That website makes it easy to find the rates offered on Ally’s various products, and it’s no wonder that Ally wants people to see those rates: At an average of 0.87%, Ally offered the highest savings account rates of any bank during the past year.
- American Express AXP +0.16% Bank. Though American Express is better known for its credit cards, it also holds more than $21 billion in deposit assets. Like Ally, American Express Bank operates more or less exclusively as an online bank, with just a single physical location. Its banking services are focused on just a few products — a savings account and CDs of various maturities — but that focus pays off in the form of savings account rates that were just a shade less than Ally Bank’s. Savings account rates from American Express Bank averaged 0.86%.
- Sallie Mae Bank. With just more than $5 billion in deposits, Sallie Mae Bank is much smaller than Ally or American Express, but in some ways it has a broader range of banking services, as it offers student loans and insurance in addition to deposit products. Like Ally and American Express, Sallie Mae specializes in online banking, though its website for depositors is not quite as user-friendly as Ally Bank’s — it’s slightly more difficult to find the procedural details on how customers interact with the bank here. Still, Sallie Mae is certainly competitive when it comes to savings account interest rates, offering an average yield of 0.85%.
Best traditional bank savings accounts
Online Savings Account
- Earn over 5X the National Savings Average more than 0.8 x 5 = 4.0% shit this nominal rate is crazy
- Low $500 minimum opening deposit
- No minimum balance or monthly maintenance fees
Online savings accounts offer higher yields, convenient access, safety and security than your bed .....don't put your money in the
1. The APY for the Online
Savings Account as of 4/22/2014 is more than five times the national
average APY for interest-bearing savings account with balances over $500
as reported by Informa Research Services, Inc. as of 4/22/2014. Rates
are subject to change at any time. Although the information provided by
Informa Research Services has been obtained from the various
institutions, accuracy can not be guaranteed.
2. You may make up to six withdrawals from your Online Savings Account per statement cycle, including preauthorized, automatic and telephone transfers.
3. Annual Percentage Yield (APY) is valid as of 4/22/2014. This offer applies to personal accounts only. Fees could reduce the earnings on the account. Rates may change at any time without prior notice, before or after the account is opened. Minimum opening balance is $500.
4. Competitor comparison information obtained from Informa Research Services, Inc. as of 4/22/2014, using Illinois Savings account rates. Rates assume a $500 minimum deposit to open. When no competitor rate is available a dash "—" is displayed. The non-Discover Bank service marks Bank of America and Chase are owned by each respective entity. All rights reserved.
5. According to MoneyRates.com 4Q 2013 survey of 100 traditional and online banks.
2. You may make up to six withdrawals from your Online Savings Account per statement cycle, including preauthorized, automatic and telephone transfers.
3. Annual Percentage Yield (APY) is valid as of 4/22/2014. This offer applies to personal accounts only. Fees could reduce the earnings on the account. Rates may change at any time without prior notice, before or after the account is opened. Minimum opening balance is $500.
4. Competitor comparison information obtained from Informa Research Services, Inc. as of 4/22/2014, using Illinois Savings account rates. Rates assume a $500 minimum deposit to open. When no competitor rate is available a dash "—" is displayed. The non-Discover Bank service marks Bank of America and Chase are owned by each respective entity. All rights reserved.
5. According to MoneyRates.com 4Q 2013 survey of 100 traditional and online banks.
For customers who want traditional, branch-based banking, these are some of the best savings account options. Their accessibility depends on where you live, but if you’re looking for a traditional branch anywhere near these institutions, they represent a great place to start your search:
- Mile High Banks. This is a relatively small operation, with just 16 branches, all in the state of Colorado. However, if you are lucky enough to live near one of those branches, you can benefit from savings account rates that don’t lag far behind the best online rates. Savings account rates from Mile High Banks averaged 0.74% during the past year.
- Capital One Bank. Capital One Bank is a big bank with nearly 1,000 branches across nine states, and more than $100 billion in deposits. In addition, it should have a beefed-up online presence soon because of its recent acquisition of ING Direct. For branch-based customers, Capital One Bank offered an average savings account rate of 0.68% (based on rates in New York — rates offered may differ by location).
- Zions First National Bank. With more than $12 billion in deposits and nearly 150 locations, Zions falls somewhere between Mile High Banks and Capital One Bank in size, though unfortunately those branches are concentrated in just two states: Utah and Idaho. But residents of those states can access some of the best savings account rates offered by a traditional bank, with an average yield of 0.64%
America's best savings account rates
Below are the 10 highest savings account rates in the America's Best Rates survey for the fourth quarter of 2013:| Bank | Savings account rate | |
| 1st place | Doral Bank (ABR platinum medal winner) | 0.940 percent |
| 2nd place | Capital One Bank (ABR gold medal winner) | 0.904 percent |
| 3rd place (tie) | Barclays Bank (ABR silver medal winner) | 0.900 percent |
| 3rd place (tie) | GE Capital Bank (ABR silver medal winner) | 0.900 percent |
| 5th place (tie) | American Express Bank (ABR bronze medal winner) | 0.850 percent |
| 5th place (tie) | FNBO Direct (ABR bronze medal winner) | 0.850 percent |
| 7th place | Ally Bank | 0.849 percent |
| 8th place | CIT Bank | 0.845 percent |
| 9th place | GE Capital Retail Bank | 0.840 percent |
| 10th place | Discover Bank | 0.804 percent |
