Bank of America has begun charging a $60 annual fee for maintaining a savings account, making saving in Dash an even more attractive option.
As announced by Reddit user RicoCat, a new $5 monthly fee has been added to Bank of America savings accounts. The user called the bank to confirm, and the service associate did confirm that a $60 annual fee for maintaining a savings accounts was indeed a new policy. She also confirmed that many customers had similarly been upset by the change.
As an investment, Dash has performed significantly better
Compared with more traditional monetary investments, Dash has increased in value at a significantly higher rate. Just this year, the price of Dash has grown from $11.30 on January 1st to about $444 now. In order to earn roughly equivalent to the yearly US median household income of about $60,000 before taxes, a Dash investor would need to have bought around 135 Dash. If invested in January of this year, an investment of around $1,500 would allow the median American family to not have to work at all the following year.
Masternodes, and masternode shares, provide a much higher rate of returns
In addition to the increase in valuation from simply holding the coin, Dash offers further options for potential investors to increase their returns. A user with 1,000 Dash (valued at present at $444,000) can set up a masternode and gain a return of around $3,270 monthly for running the node and the service doing so provides to the network. More low-level investors can join with others to create a masternode together, or make use of a trusted masternode shares service. Masternode.me, one of the more prominent and trusted of said services, provides a monthly return of about $70 for each 25 Dash (about $11,100) share.
According to Bank of America’s savings account information page, a similar investment would return about $3.33 (compound interest being negligible) annually, compared to $840 for a Dash masternode share, assuming no fluctuations in the price (which historically have been upward). In the case of the hypothetical family mentioned above, that amount would be above $4,200 extra in addition to the increased valuation of the principle investment.