Seems fine. #finance #bank #savings

Whatever we do, we can't let banks know that before the 1900s, you had to pay the bank interest for keeping the money safe. No, get away from those banks, STOP TALKING TO THEM, KEVIN!

Slot machines but different envelope.

Low interest rates are the price you pay for high liquidity. Hence why CDs typically reward you with higher interest rates.

What is this bonus rates? I guess it might be a us only thing maybe?

Should really have put in the bit about the Church banning it at first.

And penalties, and...

i swear i'm gonna have to block you soon because every one of these shorts on my feed just makes me more and more depressed about money and the overall state of the world 😭

It’s all so fucked

That’s why you put it in cba, setup an automatic deposit of $1 on the first day of each month and never look at it again

I love the videos. This is exactly how these things were invented.

dude. i fucking love you and hate you at the same time XD.

When you look at the workings of the industry, you realised how innately evil the people who came up with this system actually are

Alhamdulilah for Islam although banks in muslim countries are using interest (with businesses) but still not permissible. Usury is a big enslavement thing, unless you are born rich these loans won't make you richer you have to always exploit the system of banking.

Your shorts should be required curriculum in schools. It's about time our poor doomed children figure out how bad they're screwed before they waste time trying to live by the rules.

Only because 3/4 of customers dont do research. Google it and you can find high yield accounts that are the easy to open. The majority of Americans cant get their hands on 1000 bucks in case of an emergency yet 20 bucks saved a week is more than that over the course of a year. Tell me how You can spend 7-10 bucks a day on cofee, 20+ on fast food but cant figure put why you don't have money. I have 23 year old that works for me and he just bought his first house. He makes his own coffee at home and meal preps. Same place of business and his supervisor ehos making 25% more lives on the bad side of town and cant figure out why she is always out of money and getting further in debt. Stop blaming the world for your stupidity and lack of responsibility.

This is where my wife and I fight over money. She can't appreciate that savings rates are crap on standard savings accounts and over time you actually end up with barely scraping any profit 'cos all the time the bank drags it's heels on paying your interest, your money is depreciating in value due to inflation! I had to fight like crazy to make her see that to make some proper money you need to do some basic investment in mutuals or ETFs at a minimum, yes that means riding the ups and downs of the markets.

Usury

Have you forgotten about the part where interest does not exist in the money supply, it's always a con from the banks

Loan: 13.8%
Savings Interest: .03%

Banks: we’re not greedy, we PAY you to keep your money in our bank that we can then lend out to others at 7-20% rates. Everyones happy :D

This joke is antisemitic

In medieval Catalonia, failed bankers faced beheading as a standard consequence of their failures. This extreme measure ensured they were highly motivated to work for the common good. In stark contrast, today's bankers manipulate other people's money with little to no personal risk. They reap massive bonuses when they succeed but escape real accountability when they fail, as their own fortunes remain untouched. This creates a stark reality where they have become anti-fragile, thriving at the expense of the very society that supports them.

The delivery is brilliant.

Jesus has entered the chat.
<Tables start flipping everywhere>

✡️ bs

This guy looks like he could be Henry Czerny's son.

Nothing again you, but every time I see these videos I get so pissed off at the system. 😂. Bank, insurance, etc.

He’s so good at these

Inventing interest wasn't done at corporate level, rather by certain group of people if you know what I mean 😉

this guy is just... spot on.

don't know how to call it.

teach this in every school and youll get very capable people to make choiced

Banks are genuinely criminal organizations at this point.

Noses needed to be photoshopped to be bigger for this one.

Charging interest on loaned money to cover risk: cool.
Removing all risk via actuary, packaged derivatives, loans, and government guarantees... then why is there interest?

The house always wins...

The effed up part is i think, that when we put OUR money in a savings account. the bank can then use that money free of charge to borrow out to someone else... they're borrowing money they don't have! If everyone in the world walked to the bank to take their money out they would be out of cash in like barley 1 hour

They all look fantastic in their suits.

Man your videos are amazing. You make this intelligent satirical comedy, it's fun with gaining intelligence. I lose it. Keep up the good work mate.

The best thing is when government raises the interest rate but they still lower yours.

WASPS figuring out what Jews have perfected for millennia

The usury-charges are indeed making money out of thin air from the local population they parasitically attach themselves to. A famous artist last century tried to free us from this debt-slavery system that completely enslaves an economy.

My savings account literally only pays interest if my closing balance is higher than the previous month by more than a trivial amount. I didn't know I HAD an interest-earning savings account for years in my 20s until one time my grandmother gave me some money specifically to put in savings for emergencies and the presto, got a bonus that month, then not again for a long time 😅

It's perfectly OK. Companies aren't charities. The convenience of having your money in the bank is a valuable service in itself. A lot of people would pay a subscription just for that. That is actually a part of how banks appeared in the first place.

If you think banks are screwing you up, you can partner with lots of other people who think like this, and create a bank that offers the rate of interest for deposits that you would like to get from a bank. You will have a lot of clients. That is until you go bankrupt of course 😂

Yep. A few banks around me offer 3.5% or higher interest on checking accounts. When you check the terms (at least 25 debit transactions/mo, and bill payments dont count toward that 25, and at least X direct deposits/mo, and a few other things), it is impossible. If all terms not met to get the 3.5%, then it defaults to 0.10% interest.

For the bonus rates you need to have 250,000 or more! Go on and sign up!

I have no loan. My savings account has 4.5% p.a.. Average loan is at 5%. You make money if you dont take a loan.

bankers and people with MBAs working in healthcare, nintendo and France taught us what to do with them

Honestly it just depends on your bank. Ally gives me a decent rate and they pretty much always give it to you if you're using their savings account

Thievery corporation 😂

When you lend money you get to call the shots

Its called usery, and its a sin.

"no way ill ever be poor so lets make rules to screw the poor" -every rich guy

Where I live, the only good deals on interest on savings you can get is from credit unions.