Its not a trivial amount but I still dont think it would count as a lot of money. I know people have different living costs/expenses. I think Ill never convince you its not a lot of money and youll never convince me it is. As everyone has different levels of what they consider a lot of money. I think were getting off topic tho. I said inflation f**ks you. you said 30k is a lot of money (which it is and makes you more vulnerable to inflation) and then you asked to be sent £300 for no reason. Youre the only one who brought it up...
And tbh I just dropped £100 on rubber ducks this afternoon for a laugh with a mate (
www.justducks.co.uk). I dont consider that a lot of money and I get nothing for that other than a laugh when she opens a box full of ducks and thinks what the hell?
The point is you made two statements:
1) people shouldnt expect banks to be free - I tried to explain they are charging you and even told you how it was broken down. If you pay a fee for banking then you get more interest by about the same amount. No fee, they decrease your interest by that amount. Thats not free. you didnt comprehend that.
2) Your money is totally safe in a bank. but its not - its only guaranteed by the fed printing money. the US is going into (or already in) a recession. Their printing cash cant be sustained by the real economy which means theyre devaluing the cash in circulation. This is called inflation. The more savings you have in banks, the more cash you will lose by not changing your investment vehicle out of cash. This only affects people with a reasonable amount of cash in savings. Anyone with decent chunk of savings isnt going to notice £300 in any real way.
The people posting here and saying oh my gosh, £300 is life changing for me are totally right. But they arent the ones with the savings who need protecting and at risk from inflation. So kind of irrelevant to the effects and just protesting because they feel affronted that £300 is a lot to them and its being dismissed.