Ben
Lv 6
Ben asked in Business & FinanceInvesting · 1 month ago

Due to interest rates in the stock market, the amount in a savings account can fluctuate day after day, right?

7 Answers

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  • RICK
    Lv 7
    1 month ago

    No, it can not and never has happened

    Banks and Credit Unions are required by law to give notification if rates change, You think they would do that daily?

    Banks change their rates when the Federal Reserve changes theirs. The stock market has ZERO effect on saving accounts interest rates

  • Anonymous
    1 month ago

    No, it cannot, that will never, ever happen, not in a million bazillion years, Benny Boy.  

  • Anonymous
    1 month ago

    No, that's completely impossible. 

  • 1 month ago

    The Federal Reserve governs interest rates not the stock market!

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  • Anonymous
    1 month ago

    DO NOT FEED THE BEN TROLL.

  • 1 month ago

    in A savings account ? - No. Very few people buy and sell stocks daily. #2 there are no interest rates in the stock market. Only dividends and gain or loss on sale.

  • 1 month ago

    Not in a normal savings account but my pension gains and loses bits every five minutes because they invest the contents, a savings account doesn't and just adds a really low amount of interest which stays the same because it's so low.

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