They give you .6% APY (best rate I could find from a quick search), inflation goes up 1-3%. Your money is worth less than it would have been if you spent it. How is this not a scam?
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Why aren’t savings accounts considered a scam?
They give you .6% APY (best rate I could find from a quick search), inflation goes up 1-3%. Your money is worth less than it would have been if you spent it. How is this not a scam?