Question : Does anyone remember the days before Reagan when banks paid 5.25% on savings accounts?
and instead of check fees we had “interest bearing checking accounts”?
Now banks want you to believe they are doing you a favor by holding on to your money for you and want you to pay for the privilege.
And credit card interest and fees are outrageous.
Usury and loansharking laws actually applied to banks before Reagan.
Is this just another example of corporate greed gone wild?

Who has their hand deeper in your pocket, your government or your banker?
Or do you keep your money in your mattress?
Blame Reagan?
Are you suggesting his deregulation of the banking industry had no long term effects?
That jacking up fees and interest on personal credit and charging customers to use their own money was not his goal?
Then why did he do it?
Was he too stupid to see what would happen?
interest bearing checking accounts

Best answer:

Answer by John
I remember when you could get 15-18% on CD’s and Reagan WAS president then.

So you are trying to blame Reagan that interest rates are so low? LOL He has been out of office for over 20 years.