Comment by hot_gril

When my parents got me a bank account as a kid, the banker explained to me how great compound interest is. Then I asked what my APR is, and she said 0.01% but I still make some money off my $500, then I asked if it's rounded up or down... A few months later, I took out all the money and invested it in my favorite company Apple, though my dad talked me into diversifying it.

I learned as a kid that savings accounts are a scam, and that's still what I think. Even if it's 4% today, that's basically losing wealth each month, and I'm not putting anything more than emergency money in there.