Greedy Banks Using Our Money While Paying Us Near Nothing In Interest

THE DOCTOR IS IN
________________

LAS VEGAS-Hello America, and how is the world treating you?

Banks are still ripping off consumers. Why? Using our savings in their every day business transactions by failing to pay us account holders a reasonable, prudent interest percentage rate on our funds that we have on deposit in their banks.

I remember back in the 1960's the banks were paying account holders minimum of 3% interest on their savings pass book accounts. That was fair interest. In the 1970's and 1980's the banks and savings and loans were fighting each other to pay us deposit holders interest rates ranging from 4% to 11%.

Those 1970's and 1980 days are gone. I can understand that but I believe that in the current present day marketplace the banks should be mandated to pay us saving account holders a minimum of (3%) interest on funds that we deposit in their banks, savings and loans and credit unions.

Currently many banks are only paying "less" that 1% on our monies deposited in a saving account. With that meager amount of interest being paid to an account holder the person cannot build up their savings from year to year. Rip off? You bet. I think so. The only ones that benefit from the banks low interest payments on our savings is the bank itself and the high rollers and finance titans in the business and financial industry.

We the people should have a set guarantee of at least a minimum 3% per year interest payment on our monies in our savings accounts. These greedy bankers are using our money to make money for themselves and paying us zilch. Where is the government when we need them? Come on Congress, do the right thing and make it law that us savings account holders can realize a 3% rate of interest on our money that we deposit in these banks. And,-that's my opinion. Make your own decisions. You decide.

Bradley W. Kuhns, Ph.D., O.M.D.
_______________________________
Dr. Kuhns can be reached by e-mail at:
bradleykuhns@gmail.com