-According to Time, 33% of the population has no savings.
-According to John de Francis LCC there are roughly 85 million millennials.
-According to marketwatch.com less than half of millennials have $1,000 dollars in savings.
-All banks charge a service fee of roughly $12/month to savings accounts that have roughly less than $1,500 in them. (My bank, if you have a better deal, please let me know lol.)
$12 x 85,000,000 x .66 x .5 = $336,600,000/month check me I may be wrong.
Banks make roughly $4 Billion dollars per year off of millennials this way hahahahahah!
I wish I could come up with a scam like that! lol money for nothing, checks for free.
Check my sources, check my math, suck my dick!!!! I didn't account for credit unions so there's that....
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[–] [deleted] ago
[–] OnlyReadsFPH ago
3%. Pays more than most peoples savings accounts.