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A comment on Ask HN: Why are banks charging so many fees for accounts and cards?. Parent comment

Re:Ask HN: Why are banks charging so many fees for accounts ... by doubled112 on Saturday January 25, 2025 @04:02PM (#42824822)
Sure, you could pop it into a TD High Interest Savings Account and earn your high interest rate of 0.050%.

Wait, its 0.000% on $4,000

High interest, indeed!

[ Parent | on HN ]
Re:Ask HN: Why are banks charging so many fees for accounts ... by dackle on Saturday January 25, 2025 @05:17PM (#42825462)
Yes, and while TD is paying you 0.050%, they are loaning out your $4,000 in the form of a mortgage on which they earn 6.79%!
[ Parent | on HN ]
Re:Ask HN: Why are banks charging so many fees for accounts ... by scarface_74 on Saturday January 25, 2025 @07:21PM (#42826415)
There are plenty of reputable banks that still pay 3-5%. Amex savings accounts are now 3.8%
[ Parent | on HN ]