Latest Breaking News

A million dollars probably received a much higher interest rate - especially a large entity like a school who could be counted upon to balance a banks other activities in a time when they needed a specific amount of assets in order to make loans.

Heck, in the early 80s, the Savings and Loan I worked at had customers with a couple of hundred grand making more than I made monthly. Those funds were at pretty high rates, though - something around 14-15%.

Reagan and the GOP deregulated banks and we lost the 5% on our savings. Only way to earn money now is riskier stock market. After Dobbs and the market rally that followed, I moved all my retirement investments to a CD that's paying less than I earned on my plain savings in the 90s. Still, fuck a stock market that rallies on people losing freedoms.