Keep the Change

November 23, 2009 in rantlets | Comments (0)

The appallingly pointless new fad-product from banks today is the program where the bank offers to transfer a few cents from your checking account into savings every time you spend, and advertises this as some sort of valuable service.  Basically, if you’re too busy to press “transfer” at the ATM or are prone to accidentally binge-spending your entire life savings, this is for you.  What does it accomplish?  It would take 14 years for these miniscule transfers to accumulate to $10.  Also, if I hire someone to move M&Ms from my front pocket to my back pocket, (a) I don’t thank them for creating more candy and (b) I’m in deep trouble if that’s my diet regimen.

 


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