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  • Report:  #1503927

Complaint Review: American banking system.

American banking system. Chase- Capital One- and all banks across America Stealing our interest on our savings. Manhattan New York

  • Reported By:
    John — Pittsburgh United States
  • Submitted:
    Fri, January 15, 2021
  • Updated:
    Tue, July 13, 2021
  • American banking system.
    Manhattan, New York
    United States
  • Phone:
  • Category:

The bank's should only be able to charge interest on your credit cards for what they give you for your savings account? The bank's today are only giving an average of 0.04% interest on your savings and they demand $15,000 more to open up an account? (This is pathetic). The bank should only be able to charge 0.04% interest on your credit cards until they start paying proper interest on your savings account like the banks used to before they started stealing everybody's money. The banks are broke that's why they don't give you any interest. Don't put anything in your savings account? pay off your credit cards where they're charging you 18% interest and when they only give you 0.04% interest on a savings account you have to be stupid to save money pay off your debt.....

14.6%   In the early 70s, the average savings ratestarted to spike, hitting a peak of 14.6% in May of 1975. The spike in personal savings ratesfrom 1973 to 1975 coincided with the deep recession that was ravaging the country over the same period of time.Mar 1, 2010 DaveManuel.com › 2010/03/01 › a-... A History of Personal Savings Rates in the United States - Dave Manuel

 

1 Updates & Rebuttals


John

Takoma Park,
United States

The answer is simple

#2General Comment

Tue, July 13, 2021

 Put your cash in a coffee can and bury it in the yard. Don't use checks or credit cards. And learn how to spell the plural of "banks" (hint: there is no apostrophe "s.") When are you loons going to figure out that banks are a business IN business to MAKE MONEY? They aren't a public service provided with your tax dollars. Don't want to use a bank? Think it's too expensive? Then DON'T USE ONE. Simple. You know, like You.

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