this post was submitted on 03 Mar 2025
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I'm remembering in the at school 1960s school kids used to be helped to set up their own bank accounts with the state bank of victoria and we would have an account book and could bring in money every week to deposit. Even the girls!!
I had a "State bank" account and I remember actual interest accumulating in there.
For most of my life bank interest has not really been a thing, and for a long time they charged fees, so banking cost money instead. The last few years with high interest rates - plus an online bank that lets me earn interest on all my money without locking it away and jumping through hoops for "bonus" interest - has been great.