Do you have an savings account
@amadeo (111948)
United States
October 27, 2016 3:35pm CST
Do people still us savings account.I have one as they pay a measly .25 interest
I have one and used this as a raining day money for me.
I know that the interest rates are horrible.It has been this way for many years.
I used to do business with Ally Bank and they have one of the highest interest rates.Right now on savings is 1.00 .Also they have one of the highest CD.
But I stop and at one time got tired of it. I should have stuck with them.
Do you have one and CD etc.Tell us about it.
photo is public
A savings account is one of the simplest types of bank accounts available to consumers, letting you store cash securely and earn interest on your money.
17 people like this
21 responses
@suziecat7 (3350)
• Asheville, North Carolina
27 Oct 16
I have both a savings and a checking account. Not a whole lot in either - ha ha. I bank at a credit union but the interest is not much different from the banks.
1 person likes this
@quantum2020 (12040)
• Ciudad De Mexico, Mexico
27 Oct 16
I don´t have a savings account. I have a debit account and it doesn´t generate interests
2 people like this
@Letranknight2015 (51537)
• Philippines
27 Oct 16
I have a debit + bank account into one but no savings account. I've been planning to save money though it doesn't always materialize.
1 person likes this
@amadeo (111948)
• United States
28 Oct 16
@letranknight2015 I know and sometime it is very hard.But you should make an effort.No matter how small.
1 person likes this
@jstory07 (134546)
• Roseburg, Oregon
27 Oct 16
My bank puts one dollar into my savings account every time I write a check and one dollar every time I use the debt card. We are going to leave it in there until it reaches a thousand dollars and than get something that we need with it.
1 person likes this
@silvermist (19702)
• India
27 Oct 16
@amadeo I do have two savings accounts.The interest rate is real low.
1 person likes this
@Juliaacv (48537)
• Canada
27 Oct 16
Our savings are spread out strategically so that they can continue to earn us good interest so that one day we will be able to enjoy retired living. We keep a little in a rainy day fund at a credit union, its more convenient then high paying for the interest, but we rarely take anything out of it-thankfully!
1 person likes this
@CookieMonster46 (13447)
• United States
28 Oct 16
I am not a good saver any more... I used to be able to save, so I would save if they had such a thing as a spender acct would be me.
@amadeo (111948)
• United States
28 Oct 16
@jellybelly now now.You can save no matter how small it is.Make it a have to save a dollar or two.
@Poppylicious (11133)
•
28 Oct 16
I get more interest on the credit I have in my electric/gas account than interest on the money in my savings account! But yes, I have one. I read something the other week that said thirty-somethings in the UK have an average of just £100 in savings. Yikes. I have more than that, thankfully. :)
@JohnRoberts (109857)
• Los Angeles, California
27 Oct 16
You still have to have some sort of banking account (savings or checking) for automatic deposits from employers, social security etc.
1 person likes this
@amadeo (111948)
• United States
28 Oct 16
@JohnRoberts I do.Have bank and checking.My social security and VA check is deposit.
@DesirousDreamer (34780)
• Peoria, Arizona
28 Oct 16
I have a savings account but no interest for it. My money just sits there haha.
@yukimori (10143)
• United States
28 Oct 16
Plenty of options where you live, @DesirousDreamer! A lot of banks are still offering promotional bonuses for signing up for their accounts. I usually get one from Chase in the monthly ValPak envelopes. I think the last one was for a $100 bonus when you open the account and have a certain amount direct deposited.
@DesirousDreamer (34780)
• Peoria, Arizona
3 Nov 16
@amadeo It is a credit union, so they do not really do that.
@renicemae (4883)
• Philippines
28 Oct 16
I agree that savings account yield too low to be felt. It is just like putting your money in the piggy bank.
If I wanted my money to put into action, I'd rather invest it to business or in stock market.
@amadeo (111948)
• United States
28 Oct 16
@renicemae I do have an investment. The money in the saving account is slush or petty cast
@wongchoiyee (7413)
• Malaysia
28 Oct 16
I have a savings account which I used to withdraw my salary, and can I say paypal is another saving option for me?
Ha..ha..I plan to save more soon, because my brother will weds next year June, so buying some jewelleries is a must for me.
@Marilynda1225 (79963)
• United States
27 Oct 16
I do have a savings account and it's a shame that the interest they pay is so low
@amadeo (111948)
• United States
28 Oct 16
@Marilynda1225 I know mine is 2.5 and they are making money from this?
1 person likes this
@asfarasiknow (3341)
• Bournemouth, England
28 Oct 16
With interest rates being so low at present there is talk in the UK about some banks actually charging savers to store their money for them!
@amadeo (111948)
• United States
28 Oct 16
@asfariknow that is what I am afraid here.I am surprised that they have not done this yet.
1 person likes this
@amadeo (111948)
• United States
28 Oct 16
@andriaperry I see.Better than nothing
1 person likes this
@CaseyRoss9966 (4056)
• United States
31 Dec 16
Almost everyone I know still has a savings account. The interest rates are never high for any savings account. Anytime I get money I split it in half and put half in my savings and half in my checkings account. I always save up my change too and that always goes into my savings account when I cahs it in.
