• ryathal@sh.itjust.works
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    7 months ago

    It’s not always true that you can’t get a better interest rate for savings than a cost in interest. It is true that the money you could make in those scenarios is extremely small or at absurd levels of risk.

    • MystikIncarnate@lemmy.ca
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      7 months ago

      Well, you could invest in a stock that goes “to the moon” as they say… But that’s capital gains gambling, as far as I’m concerned.

      Most interest/dividend payments will be far below what you’ll pay in interest on a loan, with few exceptions.

      • ryathal@sh.itjust.works
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        7 months ago

        Investing in the stock market instead of paying a loan is stupidly risky. There’s a few loans that are possible where you could get a rate lower than some savings accounts, but you will only net 1-2% on your money in that scenario.