[William A. Baurle]

Financial question here, from someone who is really disgusted and fed up with my bank.

It's real simple: I have over X amount (lots) USD in a savings account with Dewey Phuquem & Howe, here in AZ. I've had the account for several years and have always had a high amount in there. High amount for someone who has never earned more than 35K per year, anyway.

Now, over the past two months my money has earned a whopping (hold your breath folks...) six cents in interest.


That's what I call a serious lack of interest. Can anyone explain to me how this can be okay? To my mind, naive as I am, this should be illegal.

I was told by one advisor that this is balanced out by the amounts that they are willing to lend. That's fine and dandy, but the money they loan me, by way of my credit card, comes with a 17% percent interest rate. Mathematically, the bank has a ridiculous advantage over me, which is not justified by my banking or credit history, which is exemplary. For heaven's sake, my credit rating with one of the major bureaus last time was 830.

Somebody is making more than a few piddly cents off of the funds I have in savings, but it isn't me.