Hoodwinked

Just clicked on a story that claimed to want to tell me the best places to stash my cash and earn "HUGE" interest, rather than "risk" my cash in the market. "22x the average savings interest!!!"

Easy to make that claim when the "average" interest available on a savings account at your bank these days is .06%. No, that's not a typo...that IS "point-oh-six" percent. Six one-hundredths of a percent. So that wild and wonderful "22x the average" pencils out to a whopping 1.32%.

Pretty hard to get excited about that when I can remember  when I started working for a living, regular passbook savings accounts paid 5.25% with no minimum balance, no fees and no restrictions on access to your money. Hell...even twenty years ago you could get a  6-month CD that paid 3%. 

Anybody still skeptical that we have been hoodwinked into pouring all our hard-earned cash back into the pockets of the guys who already HAVE all the money? 

SMDH