Opening Bank acount in US - No Social Security Number
Feb 12th 2016, 10:08 pm
#16
Forum Regular
Joined: Mar 2014
Posts: 147
Re: Opening Bank acount in US - No Social Security Number
https://www.banking.barclaysus.com/online-savings.html
Feb 12th 2016, 11:57 pm
#17
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,446
Re: Opening Bank acount in US - No Social Security Number
That's true... interest on an account is incredibly tiny here! Found Barclays over here have a savings account which is a little better at a WHOPPING 1.0% (apparently 10 times the average in the US just now)
https://www.banking.barclaysus.com/online-savings.html
https://www.banking.barclaysus.com/online-savings.html
Last edited by Pulaski; Feb 13th 2016 at 12:00 am.
Feb 13th 2016, 12:58 am
#18
Forum Regular
Joined: Mar 2014
Posts: 147
Re: Opening Bank acount in US - No Social Security Number
People always say that like somehow it's the banks' fault, yet rates are set by the Fed, and at the moment the banks can borrow from the Fed at 1%, so it makes no sense to pay more than a fraction of that when they have their branch overheads to pay to service deposit customers. Banks pay only slightly more, 1.1%, to borrow from each other for 12 months, or .4% to borrow for 30 days.
