No one opens a bank account for the interest paid. Most accounts barely pay a te...

joshuaxls on Sept 23, 2014 | parent | context | favorite | on: BitPay and PayPal

No one opens a bank account for the interest paid. Most accounts barely pay a tenth of a percent annually, maybe a quarter percent from a credit union—meanwhile, inflation is 2% a year. You’re losing net worth by holding USD in a bank account.

JoeAltmaier on Sept 24, 2014 [–]

You're putting your money into the wrong bank.