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/biz/ - Business & Finance

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57612053 No.57612053 [Reply] [Original]

an online acquaintance of mine claims to have 3 million dollars that he leaves in one bank account for interest
he's full of shit right

>> No.57612075

yes, rich retarded people exist anon

>> No.57612110

what's wrong with that?
is it the 250k rule?

>> No.57612615

how much interest would you get out of that anyway

>> No.57612642

>>57612615
Interest rates are like 5 percent so I'm guessing a little over 12k per month

>> No.57612672

>>57612053
my dad does this with a little over 1 million
but his networth is ~$15 million

>> No.57612676

>>57612110
The “$250k limit” is outdated. Everybody who had shit in SVB got their funds fully bailed out when it collapsed

>> No.57612688

>>57612615
Enough to live a comfy life

>> No.57612704

>>57612676
>The “$250k limit” is outdated

so what's the new meta

>> No.57612756

>>57612704
I guess it depends where you bank with. A top 10 bank would get fully bailed out. Anything else is risky. SVB was an exception of course because of the tech trannies and political favors

>> No.57612800

>>57612704
I'd say have multiple accounts with a max of 150k

>> No.57612927

>>57612615
Penis

>> No.57612928
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57612928

>>57612053
>3 times a week
pathetic

>> No.57612945

>>57612642
>5% in a liquid checking/savings account
yea...not 1998 anymore brother

>> No.57613095
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57613095

>>57612945
>not 1998 anymore brother

>> No.57613668

>>57612928
Who please tell me

>> No.57613924

>>57613668
somebody's son