pineapple_and_olive

pineapple_and_olive t1_jd44gsw wrote

Aha because you're giving up something else in return. In finance there is no free lunch ever.

So what's the catch? Most typically these higher yield savings/deposits will lock out the money for a term (3/6/12 months), or the account requires a minimum balance or deposit, or the better rates only apply to non-local currencies, etc etc it's all up to the bank.

[edit] Credit pertains to debt. Taking out loans is when your credit score matters.

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