Savings Rates?

[Geor!]

They have been in a steady decline over the past several years. I just checked my IGN account and the rate is sitting at a measly 1% APR. I guess that's good, since most major banks are sitting at .5% or lower. But why are they so goddamn low? I'm not using it as a way to invest money, but certainly want to get more than a shitty 1% or less.

[dblack1]

Because they can get it other places cheap.

When they start giving you more money it will also mean you will be paying more to finance a house or car.

[BP]

My Chase MMA was at .02%

[Broncojohnny]

The banks can get money from the government for 0% interest, they aren't going to pay much more to borrow yours instead.