Bank Interest Quotes & Sayings

The bank wanted me to sell those customers that debt, because the system needs you to buy that new car, that holiday to Barbados, that latest iPhone or that new extension you've always been dreaming off. The banks are happy to let you do it with their high interest credit products, and they want me to be the guy that sells the idea to you. I was serving the machine that was enslaving me. — K.A. Hill

We always stand to gain, whether it be an influential politician to further our interests - which is the most frequent and almost easiest case to fabricate - or a great businessman, most of whose money we administer through our own networks. It is therefore our interest to create as many such 'vicious circles' as possible. And it is on this foundation that we have built modern society and the so-called 'cell of society,' that is, the family which we have chained to an infinite set of dependences: jobs, houses, comfort, cars, bank loans, and long-term contractual obligations that sometimes extend over one or two generations of the respective family. The role of a 'vicious circle' is to make people dependent because, when this happens, they are no longer free. — Radu Cinamar

Good and evil are not static; they are dynamic. Each one continually feeds on itself just like compound interest in the bank. Good is always getting better, and evil is always getting worse. — C.S. Lewis

Getting a tax refund is nice, but having more money year-round is better. If you get a chunk of change from the IRS, you're giving the government an interest-free loan - not something they, or any bank, would ever give you. Instead, change your withholding so you get a little extra in each paycheck. — Jean Chatzky

If you need to put your money in a safe and secure place and you want it to earn interest, Treasury bonds are safer than putting it in any bank as a deposit or putting it anywhere else, because they are backed by the full faith and credit of the United States Government. — Jim Cooper

My dad's main client was the World Bank, and he spent most of his time traveling to Third World countries. His particular interest lay in the eradication of poverty through development and business. — Hugh Jackman

Knowledge of Nature is an account at bank, where each dividend is added to the principal and the interest is ever compounded; and hence it is that human progress, founded on natural knowledge, advances with ever increasing speed. — Grove Karl Gilbert

Yakov spent the whole day playing his fiddle; when it got completely dark, he took the notebook in which he recorded his losses daily, and out of boredom began adding up the yearly total. It came to over a thousand roubles. This astounded him so much that he flung the abacus to the floor and stamped his feet. Then he picked up the abacus, again clicked away for a long time, and sighed deeply and tensely. His face was purple and wet with sweat. He thought that if he could have put that lost thousand roubles in the bank, he would have earned at least forty roubles a year in interest. And therefore those forty roubles were a loss. In short, wherever you turned, there was nothing but losses everywhere.
- Rothchild's Fiddle — Anton Chekhov

Money is created through bank debt. When you go for a mortgage through a bank, they give you $100,000 to buy a house and basically send you out into the world to bring back $200,000 in the next twenty years. The first $100,000 is principal, and the second is interest. — Bernard Lietaer

terms. The net effect is that I have created $30,000 in my asset column for which I am paid interest, just like a bank gets paid interest for the loans it makes. I was beginning to be a bank, and I loved it. Remember that rich dad said, "Be careful when you take on debt. If you take on debt personally, make sure it's small. If you take on large debt, make sure someone else is paying for it." In the language of the B and I side, I "laid off" my risk, or "hedged" my risk to another buyer. That is the game in the world of finance. This type of transaction is done all over the world. Yet wherever I go, people come up to me and say those magic words: "You can't do that here." What most small investors fail to realize is that many large commercial buildings are bought and sold exactly in the manner described above. Sometimes they go through a bank, but many times — Robert T. Kiyosaki

It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate. — Warren Buffett

[Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it? — Paul Keating

Marriage is like a bank account. You put it in, you take it out, you lose interest. — Irwin Corey

They make a profit from interest on the loan, not repayment of the loan. If a loan is paid off, the bank merely has to find another borrower, and that can be an expensive nuisance. — Anonymous

Men are like bank accounts. Without a lot of money they don't generate a lot of interest. — George W. Bush

It doesn't serve an American interest. It really doesn't really serve Israeli interests - it serves the interests of the political party that's getting the votes of the settlers on the West Bank. — Chris Matthews

Our whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time. — John Adams

People under the influence of cults is similar to that we observe in addicts. Typical behaviour for both includes draining bank accounts, neglecting children, destroying relations with family and losing interest in anything except the drug or cult. — Keith Henson

The phase of the usury system which we are trying to analyze is more or less Patterson's perception that the Bank of England could have benefit of all the interest on all the money that it creates out of nothing ... Now the American citizen can, of course, appeal to his constitution, which states that Congress shall have power to coin money or regulate the value thereof and of foreign coin. Such appeal is perhaps quixotic. — Ezra Pound

The bank - or the Company - needs - wants -insists - must have - as though the bank or the Company were a monster, with thought and feeling, which had ensnared them ... The banks were machines and masters all at the same time ...
They breathe profits; they eat the interest on money. If they don't get it they die ... It is a sad thing, but it is so. It is just so. — John Steinbeck

No duty is more imperative for the government than the duty it ;owes the people to furnish them with a sound and uniform currency, an of regulating the circulation of the medium of exchange so that labor will be protected from a vicious currency [private bank-created, interest-bearing debt], and commerce will be facilitated by cheap and safe exchanges. — Abraham Lincoln

When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power. — James Rickards

In the days when money was backed by its face value in silver or gold, there were limits to how much wealth could flow around the world. Today, it's virtual money that the bank lends into existence on a computer screen. "And unless the economy continually expands, there is no new flow of money to pay back that money, plus interest." ... "As it stands now, if banks start loaning money more slowly than they collect debts, the quantity of money in the economy goes down, and it's impossible to pay back debts. So we get defaults on houses ... our economy plunges into misery and unemployment. Under our current monetary system, the only alternative to that is endless growth. So one absolute thing we have to change is the whole nature of the monetary system ... we deny banks the right to create money." ... There's a challenge with that solution, he admits. "You're trying to take the right to create wealth away from some of the wealthiest people on the planet. — Alan Weisman

According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. — Harry Enfield

Mitt Romney's only bottom line is the one at the end of his own bank statement. The problem is that he confuses his own narrow, self-interest - and that of people like him - with the national interest. He thinks as long as we do right by the Mitt Romneys of the world, America will be just fine. — Chuck Schumer

The prairies were dust. Day after day, summer after summer, the scorching winds blew the dust and the sun was brassy in a yellow sky. Crop after crop failed. Again and again the barren land must be mortgaged for taxes and food and next year's seed. The agony of hope ended when there was not harvest and no more credit, no money to pay interest and taxes; the banker took the land. Then the bank failed. — Rose Wilder Lane

Dear Sir: My ten years of bank experience should be of interest to a rapidly growing bank like yours. In various capacities in bank operations with the Bankers Trust Company in New York, leading to my present assignment as Branch Manager, I have acquired skills in all phases of banking including depositor relations, credits, loans and administration. I will be relocating to Phoenix in May and I am sure I can contribute to your growth and profit. I will be in Phoenix the week of April 3 and would appreciate the opportunity to show you how I can help your bank meet its goals. Sincerely, — Dale Carnegie

Men are like bank accounts. The more money, the more interest they generate. — Mark Twain

Putting miles in your training log is like putting money in the bank. You begin to draw interest on it immediately. — Hal Higdon

If we rely upon the tao with which we're born, we always know what is the right thing to do in any situation, the good thing not for our bank accounts or for ourselves, but for our souls. We are tempted from the tao by self-interest, by base emotions and passions. — Dean Koontz

The bank hath benefit of interest on all moneys which it creates out of nothing. — William Paterson

What this means is that the entire business model for something like Chase's credit card business is not much more than a gigantic welfare fraud scheme. These companies borrow hundreds of billions of dollars from the Fed at rock-bottom rates, then turn around and lend it out to the world at 5, 10, 15, 20 percent, as credit cards and mortgages, boat loans and aircraft loans, and so on. If you pay it back, great, it's a 500 percent or 1,000 percent or 4,000 percent profit for the bank. If you don't pay it back, the company can put your name in the hopper to be sued. A $5,000 debt on a credit card for the now-defunct Circuit City, which was actually a Chase card, became a $13,000 or $14,000 debt by the time the bank finished applying fees and penalties. Just like a welfare application, you have to read the fine print. "They make more on lawsuits than they make on credit interest," says Linda. — Matt Taibbi

Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve. — Bernie Sanders

Customers deposit money in a bank for interest; the bank lends that money to other people at a higher rate of interest. This isn't glamorous or interesting, but then banking is not supposed to resemble base jumping or hip-hop. — John Lanchester

Spying a heavy growth of watercress on the bank of a wet meadow, Amelia went to examine it. Grasping a bunch, she pulled until the delicate stems snapped. "Watercress is plentiful here, isn't it? I've heard it can be made into a fine salad or sauce."
"It's also a medicinal herb. The Rom call it panishok. My grandmother used to put it in poultices for sprains or injuries. And it's a powerful love tonic. For women, especially."
"A what?" The delicate greenery fell from her nerveless fingers.
"If a man wishes to reawaken his lover's interest, he feeds her watercress. It's a stimulant of the - "
"Don't tell me! Don't!"
Rohan laughed, a mocking gleam in his eyes. — Lisa Kleypas

I'd thought about this for a long time. "That bank loses that much money in bad loans every
month. They make that much money in interest every day. They're a big bank. The money I
took was small change to them. No depositor was hurt."
She shook her head. "I still can't approve of it. I don't think it's right."
I felt my face go remote, still. I crossed my arms and felt cold.
She spread her hands. "It doesn't change the fact that I still love you. I've missed you terribly.
I've missed your phone calls, and I've missed your body in bed next to me. I don't know what
to do about this. My loving you goes way beyond my disapproval of your theft."
I uncrossed my arms and reached across the table for her. She leaned forward and we kissed
until the candle burned a hole in my shirt. Then we laughed and I held an ice cube to the
burn and the food came and everything was all right. — Steven Gould

Today, banks are allowed to loan out at least ten times the amount they actually are holding, so while you wonder how they get rich charging you 11% interest, it's not 11% a year they make on that amount but actually 110%. The bank lends other people's money to those that need loans, and when the bank runs out of money, they call the Federal Reserve for more. — Joseph P. Kauffman

A concrete embodiment of the jubilee commandment was evidenced in a rural church in Iowa during the "farm crisis." The banker in the town held mortgages on many farms. The banker and the farmers belonged to the same church. The banker could have foreclosed. He did not because, he said, "These are my neighbors and I want to live here a long time." He extended the loans and did not collect the interest that was rightly his. The pastor concluded, "He was practicing the law of the Jubilee year, and he did not even know it." The pastor might also have noted that the reason the banker could take such action is that his bank was a rare exception. It was locally and independently owned, not controlled by a larger Chicago banking system. — Walter Brueggemann

What initially attracted me to The Seventh Seal was that it had values and characteristics which I was familiar with in other art forms, most notably, the European novel and certain forms on English drama, and indeed, in relation to my rather academic interest in history
not "history" in the normal sense, but history as a form of entertainment . It might be a very unfashionable view but I believe that history is an amazing bank or reserve area of plots, characterisations, extraordinary events, etc. — Peter Greenaway

For many people, the mortgages they took out before 2008 are so high that they would be better off walking away from their houses. That is called "jingle mail," returning the keys to the bank and saying, "You can have the house. I can buy the house next door that's just like this for 20% less, so I'm going to save money and switch." That's what someone like Donald Trump or a real estate investor would do. But the banks are trying to convince the mortgage debtors, the homeowners, not to act in their own self-interest. — Michael Hudson

I went to America in the winter of 1872-73, authorised to secure, if I could, the passage of a bill demonetising silver. It was in the interest of those I represented - the governors of the Bank of England - to have it done. By 1873, gold coins were the only form of coin money. — Ernest Seyd

Invest your money in Dada! Dada is the only savings bank that pays interest in the hereafter! — Kurt Schwitters

The result of observing only the universe is anxiety. Only observing the Observer of the universe will put a stop to a man's worrying and fussing and scheming. When his interest is diverted inwards he naturally relaxes his hold - his stranglehold - on the outer world. Having withdrawn his capital and paid it into his own Central Bank (where it appreciates to infinity), he has nothing to lose out there and no reason for interfering. He knows how to let things be and work out in their own time. He's in no hurry. Knowing the Self, he can hardly fail to trust its products. — Douglas Harding

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound. — Toshihiko Fukui

A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. — Ron Paul

What do you have there?"
Mouse perked up at her interest. "I'm making ski masks to have on hand for bank robberies. Last night I finished the fingerless mermaid gloves for Eve. She likes her fingers free for gunplay."
Mouse's needles clicked together in a peaceful rhythm. — Debra Anastasia

People tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows. — Michael Hudson

The historian assesses that the investment of the wealthy classes in the Bank of England wedded them to the fate of the nation as a whole and to the maintenance of its stability. — Walter Russell Mead

How to identify love by knowing what it's not: love doesn't use a fist. Love never calls you fat or lazy or ugly. Love doesn't laugh at you in front of friends. It is not in Love's interest for your self-esteem to be low. Love is a helium-based emotion; Love always takes the high road. Love does not make you beg. Love does not make you deposit your paycheck into its bank account. Love certainly never, never, never brings the children into it. Love does not ask or even want you to change. But if you change, Love is as excited about this change as you are, if not more so. And if you go back to the way you were before you changed, Love will go back with you. Love does not maintain a list of your flaws and weaknesses. Love believes you. — Augusten Burroughs

The refunding of the national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of the country. — James A. Garfield

We know how to dream beautifully! And in our dreams we are always extraordinarily active! We cross oceans, found colonies, introduce ideal governments, and die as Kings or at least Presidents of Republics! In actual life, however, we groan, we are miserable, and we greatly resent being obliged to bother about going to the Bank, in order to receive the interest of the capital acquired for us by our more energetic ancestors. — Aimee Dostoyevsky

The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice.
Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again. — Will Rogers

Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and they're not. — David Dreman

By taking out a loan, I am committing myself to years of interest repayments, and therefore to years of wage slavery. And the U.K. has been borrowing like crazy since 1694, when the Bank of England was invented. This means that we are locked into high taxation to pay for 300 years of wars and other costly and generally disastrous state enterprises. — Tom Hodgkinson

Whenever I hear and see a politician or a military leader, a bank of American flags at his back, trying to convince us of the rightness of a policy or a deed that will cause harm to others; when I am almost convinced myself that setting humanitarian concern in abeyance can be justified in the interest of a greater good, I pause and ask myself what my brain-smoked friends would have to say. — James Lee Burke

For Social Security to be financially sound, the federal government should have $100 trillion - a sum of money six-and-a-half times the size of our entire economy - in the bank and earning interest right now. But it doesn't. And while many believe that Social Security represents our greatest entitlement problem, Medicare is six times larger in terms of unfunded obligations. — John C. Goodman

I suggest a Money Market account with no penalties and full check-writing privileges for your emergency fund. We have a large emergency fund for our household in a mutual-fund company Money Market account. Wherever you get your mutual funds, look at the website to find Money Market accounts that pay interest equal to one-year CDs. I haven't found bank Money Market accounts to be competitive. The FDIC does not insure the mutual-fund Money Market accounts, but I keep mine there anyway because I've never known one to fail. Keep in mind that the interest earned is not the main thing. The main thing is that the money is available to cover emergencies. Your wealth building is not going to happen in this account; that will come later, in other places. This account is more like insurance against rainy days than it is investing. — Dave Ramsey

Sex was like money in the bank; if you made regular and sizable deposits, you earned more interest. Jean-Claude had earned a lot of interest over the years. — Laurell K. Hamilton

Eventually the United States became the latter arsenal and bank of the allies, and acquired a direct interest in allied victory that was to bemuse the post war apostles of economic determinism for a long time. — Barbara W. Tuchman

Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter only the value of the money they issued. — David Ricardo

The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick. — Michael Hudson

And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling. — James Chanos

In this way, the charge that the bank makes for the use of its notes - the interest - is a continual and universal tax upon all the members of the community. — John Buchanan Robinson

My legislation, the Simple Savings Tax Relief Act of 2005, simply eliminates the taxation of interest earned in savings accounts, such as passbook savings accounts or bank certificates of deposit. — Cliff Stearns

The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds of war gathering ominously in the background ... For my money, few periods are so replete with human interest. — Ben Bernanke

Many banks do not advertise they are portfolio lenders and many people working at the bank may not even know what a portfolio lender is. If you are calling up a bank and they say they aren't a portfolio lender, don't give up! Ask to talk to a loan officer and ask specific questions about what type of investor programs they offer. Here are some good questions to ask; Do you loan to investors who already have four mortgages? Do you sell your loans or keep them in-house? Do you allow investors with four or more mortgages to do cash out refinance? What terms and loan programs do you offer investors? ARM, 15, 30 year fixed, balloon? What interest rates are you charging and what are the initial costs for your loans? What — Mark Ferguson

Privacy is a vast subject. Also, remember that privacy and convenience is always a trade-off. When you open a bank account and want to borrow some money, and you want to get a very cheap loan, you'll share all details of your assets because you want them to give you a low interest rate. — Nandan Nilekani

Avoid greed and fear. These are the investor's Achilles heels. Keeping all your money in the bank earning 3% interest is just as foolish as dumping your entire savings into the market thinking you'll make a quick buck. — Nancy Dunnan

The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially created. — Eustace Mullins

As I see it, if you work more hours than somebody else, during those hours you learn more about your craft. That can make you more efficient, more able, even happier. Hard work is like compounded interest in the bank. The rewards build faster. — Randy Pausch

Currency peg can mean higher volatility in short-term interest rates, as the central bank seeks to keep the price of its money steady in terms of the peg. It can mean deflation, if the supply of the peg is constrained (as the supply of gold was relative to the demand for it in the 1870s and 1880s). — Niall Ferguson

Faith is like private capital, stored in one's own house. It is like a public savings bank or loan office, from which individuals receive assistance in their days of need; but here the creditor quietly takes his interest for himself. — Johann Wolfgang Von Goethe

Business is about problem-solving, but it does not always have to be about maximizing profit. When I went into business, my interest was to figure out how to solve problems I see in front of me. That's why I looked at the poverty issue. I got involved in lots of things to address it, and one of them was money lending with loans and credits and savings accounts, and in the process I created Grameen Bank. So you can also have social objectives. Ask yourself these questions: Who are you? What kind of world do you want? — Muhammad Yunus

He became the largest individual hog farmer in the North. And, in order not to be victimized by meat packers, he bought controlling interest in an Indianapolis slaughterhouse. In order not to be victimized by steel suppliers, he bought controlling interest in a steel company in Pittsburgh. In order not to be victimized by coal suppliers, he bought controlling interest in several mines. In order not to be victimized by money lenders, he founded a bank. — Kurt Vonnegut

Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits ... did not need to be left idly in the bank. They could be lent. The bank then got interest. The borrower then had a deposit that he could spend. But the original deposit still stood to the credit of the original depositor. That too could be spent. Money, spendable money, had been created. Let no one rub his or her eyes. It's still being done-every day. The creation of money by a bank is as simple as this, so simple, I've often said, that the mind is slightly repelled. — John Kenneth Galbraith