More like 40. I had a checking/savings account that my grandmother set up for me when I was born. It paid .5% interest on a checking account, and the savings acciunt paid 2.5%. They stopped giving those rates sometime in the 90s. Same bank charged me an “inactivity fee” in the mid 00s to 0 out the accounts and closed them.
Those accounts had disappeared by 93. I was 13 then, and didn’t know about my other checking account, cause my grandma didn’t think I needed any money till I left for college. I went around to every bank and ended up setting up my “first” checking account in 93, cause I started working on a tobacco farm for video game money, and needed a way to cash my check without fees. None of the banks were offering interest on checking accounts, and the best interest rate I could find at the time on savings was 1.75%
More like 40. I had a checking/savings account that my grandmother set up for me when I was born. It paid .5% interest on a checking account, and the savings acciunt paid 2.5%. They stopped giving those rates sometime in the 90s. Same bank charged me an “inactivity fee” in the mid 00s to 0 out the accounts and closed them.
1993 was 30 years ago
Those accounts had disappeared by 93. I was 13 then, and didn’t know about my other checking account, cause my grandma didn’t think I needed any money till I left for college. I went around to every bank and ended up setting up my “first” checking account in 93, cause I started working on a tobacco farm for video game money, and needed a way to cash my check without fees. None of the banks were offering interest on checking accounts, and the best interest rate I could find at the time on savings was 1.75%