posted on Mar, 14 2009 @ 04:07 AM
reply to post by SimpleKnowledge
hmm...when I was a kid, the bank came to us.
every year they would come in, or maybe it was just the teacher helping us fill out the paperwork, it's been a long time since I was in gradeschool.
they would open up christmas savings accounts for any of us who wanted it. then every week, we could bring in a little money to put into our savings
accounts, or we could go to the bank and deposit it if we could. then well, we had christmas spending money at the end of the year.
don't know what kind of interest we were getting for it, but well, my place of work offers about the same thing, you have have a little of you
paycheck put into a christmas savings account, but well, considering how much they charge you in interest when you borrow money, the depositors are
getting ripped! I might as well stash my cash in my mattress, and well, have access to it if I need it. which is no one has been saving any money,
there is no reward really, stocks were rewarding nicely, gold and silver still are, savings accounts at the banks don't keep up with inflation,
cd's do just a little better.
but then, you don't want people putting their money into savings accounts anyways, do ya, not if you have big schemes planned to get everyone into
debt up to their necks and ripoff the stockholders...