Re:Robinhood launches 3% checking account
by nimish on Thursday December 13, 2018 @12:09PM
(#18673926)
3% in the UK on GBP is different from 3% in the US on USD. You can't really compare them.
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Re:Robinhood launches 3% checking account
by thisone on Thursday December 13, 2018 @03:59PM
(#18676052)
3% is 3%.
3% on £100 = £3.
3% on $100 = $3.
If both banks invest in whatevs (local currency) paying 5%, then they get 5%, pay you 3% and make 2%.
Are you trying to reference relative inflation?
Or something about the USD makes it difficult to invest?