I get 5% on an account from which I can add to, and withdraw from, using my checking account.
It costs nothing in fees. Neither does my checking account. Harry ****************************** Harry Pollard Henry George School of Los Angeles Box 655 Tujunga CA 91042 818 352-4141 ****************************** From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Darryl or Natalia Sent: Saturday, September 08, 2007 11:29 AM To: Christoph Reuss Cc: [EMAIL PROTECTED] Subject: Re: [Futurework] TD pegs value of literacy Good old Switzerland! A $50 dollar bond -- on what amount of credit line? How does it work? Here, all government bonds are sold on a cash only basis, and last started, for a $100 bond, around 3.15%, one year term. GIC's pay more, and can be purchased on a line of credit. Union savings pay more for longer terms up to about 6% on five years. I think that which is scarce or truly innovative and patently useful tends to fair best, but if you have the assets, and the nerve to pull it off, the currency market is where fast fortunes are made. Ethics aside, of course. Banks have secured their place in the current system, but savvy investors stopped depending on them for a wholesome return when interest rates fell below mutual funds average dividend rates. Investors who read even newspapers can forecast societal needs and desires, and streamline a successful portfolio of their own. Natalia Christoph Reuss wrote: Natalia wrote: I suspect you would prefer to answer this yourself. I don't know... What I'm suggesting here is that one doesn't make much money off of interest paid by banks today, and those who have little money are basically paving the way for these institutions to create money on the bank charges alone. Interest rates for giro accounts are low indeed, but even those with little money can usually afford some bonds over a few years, which still get around 4% here. Just yesterday I heard of a retired Canadian couple who got back $1400 in bank charges because in Canada no one over sixty is supposed to pay regular banking fees. There must be something wrong with Canadian banks... Around here, a "small guys" bank charges about $50/year for a bond deposit and with the 4% even those with little money can reap over $1000. But of course the banks make big profits with the difference between giro interest rates and loan/housing interest rates, the latter being 10-20 times higher than the former... Chris ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~ SpamWall: Mail to this addy is deleted unread unless it contains the keyword "igve". _______________________________________________ Futurework mailing list Futurework@fes.uwaterloo.ca http://fes.uwaterloo.ca/mailman/listinfo/futurework --- avast! Antivirus: Inbound message clean. Virus Database (VPS): 000773-2, 09/07/2007 Tested on: 9/7/2007 2:56:07 PM avast! - copyright (c) 1988-2007 ALWIL Software. http://www.avast.com _____ avast! Antivirus <http://www.avast.com> : Outbound message clean. Virus Database (VPS): 000773-2, 09/07/2007 Tested on: 9/8/2007 11:29:20 AM avast! - copyright (c) 1988-2007 ALWIL Software. No virus found in this incoming message. Checked by AVG Free Edition. Version: 7.5.485 / Virus Database: 269.13.13/998 - Release Date: 9/10/2007 8:48 AM No virus found in this outgoing message. Checked by AVG Free Edition. Version: 7.5.485 / Virus Database: 269.13.13/998 - Release Date: 9/10/2007 8:48 AM
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