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A comment on AI financial advice is surprisingly good if you ask the right questions. Parent comment
Neither of those is anywhere near inflation. You are effectively losing money by parking it there.
Most checking accounts don’t pay interest at all. I looked up Bank of America's savings account: 0.04%.
You read that right. Effectively zero. And it’s a flat rate. Whether you have $10 or $10 million in there.
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Neither of those is anywhere near inflation. You are effectively losing money by parking it there.
Most checking accounts don’t pay interest at all. I looked up Bank of America's savings account: 0.04%.
You read that right. Effectively zero. And it’s a flat rate. Whether you have $10 or $10 million in there.