this post was submitted on 30 Mar 2024
835 points (97.3% liked)
Memes
8309 readers
2071 users here now
Post memes here.
A meme is an idea, behavior, or style that spreads by means of imitation from person to person within a culture and often carries symbolic meaning representing a particular phenomenon or theme.
An Internet meme or meme, is a cultural item that is spread via the Internet, often through social media platforms. The name is by the concept of memes proposed by Richard Dawkins in 1972. Internet memes can take various forms, such as images, videos, GIFs, and various other viral sensations.
- Wait at least 2 months before reposting
- No explicitly political content (about political figures, political events, elections and so on), !politicalmemes@lemmy.ca can be better place for that
- Use NSFW marking accordingly
Laittakaa meemejä tänne.
- Odota ainakin 2 kuukautta ennen meemin postaamista uudelleen
- Ei selkeän poliittista sisältöä (poliitikoista, poliittisista tapahtumista, vaaleista jne) parempi paikka esim. !politicalmemes@lemmy.ca
- Merkitse K18-sisältö tarpeen mukaan
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I have my emergency fund in a savings account with 3% interest rate. So my bank is giving me money each month for doing nothing really and I can withdraw my money whenever I want.
Where in the fuck are you getting 3% interest??
Around here, it's usually not at a local physical bank. My online high yield savings is currently at 4.5% though; that's where my emergency funds are.
6mo CDs: up to 5.3%, no minimum
Bank Norwegian is currently at 3.25%. Of course at times of 4% inflation it's not enough
In germany. I don't know how long these offers will be available but some banks already reduced the interest to 1,75% or something. I just switched bank for my emergency fund. I'm trying to be above the inflation rate which is currently something around 2,5%
I'm sure anyone reading this in the UK is already aware of MSE but just in case: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess
A quick glance suggests most of those really high ones are time-limited bonus offers, but other places are doing quite high interest in general e.g. Marcus is paying 4.75%.
I am not endorsing this because I don't have it myself and know nothing about it beyond this, but the savings account Apple introduced a year or two ago has 4.5% interest.
Here's a few lists I might use (Finnish):
Just over 3% is common. Terms and conditions may apply. Your local selection might naturally be different.
You are barely keeping up with inflation, don't think that's an investment. That said, you are doing the right thing, keep that money available if needed.
Everything on top of 6 months expenses, you should invest in something less liquid that on the long term yields decent returns.
It's not smart to use your emergency fund as an investment. The point is that you keep your emergency fund in an savings account that has at least an interest rate like the inflation rate and you should be able to use that money any time.
I never said that I'm doing an investment with that. No idea why you mention this.
This part made me think you were saying that was an investment, sorry I misunderstood