this post was submitted on 09 Aug 2024
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InsanePeopleFacebook

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[โ€“] Blue_Morpho@lemmy.world 4 points 3 months ago (1 children)

That used to be common when bank accounts were giving high interest rates. You could save money by paying taxes quarterly (at the minimum amount so you wouldn't get a fine) and keep that money earning.

You can still do it today with a money market account.