Thursday, December 5, 2013


Fist Full Of Money clip art
US Banks May Soon Begin Charging Customers To Deposit Money
Many younger Americans may find this shocking, but once upon a time, banks actually paid you to deposit money. Money deposited in savings accounts earned a decent amount of interest every month, because it was the bank's way of thanking you for your business. These days, however, with taxpayer funded bank bailouts and Federal Reserves printing more money, the tables have turned. And now, thanks to another government policy, banks may begin charging you for the hassle of handling your money. It used to be the case that government policies encouraged personal savings growth, but this kind of ridiculousness is precisely why Americans increasingly feel pinched and punished by their government.