Quote:
Originally Posted by Savage_Messiah
Probably not... you do know that banks are reinvesting your money and making a lot more off of it than you do right?
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THat's one of the ways, then. But not having much overhead with actual branches, they save money...some of it goes to us, I"m sure they use it to make money as well.
They also refrain from using paper...usually e-statements unless you request otherwise...if you get a checking account, you don't get checks, you do it all online. Another way to save on overhead. Obviously we don't get all the benefit of it...but it's definately nice to get 4.5% on my/our money now.