With the Olympics upon us, all eyes are on the world's greatest athletes. Going home with the gold is a pretty big deal, but how much is it really worth?
With the Olympics upon us, all eyes are on the world's greatest athletes. While some of the biggest awards this season go to the Olympians who head home with luggage made heavier by gold, silver, or bronze medals, you may be surprised to learn the actual value of some of those medals is mostly symbolic.
Although the pride and honor that comes with winning a medal in the Olympics is hard to beat, the savings and rewards Kasasa account holders get every month are a different kind of prize. (And one you get without any of the grueling training!)
Smart online banking choices with your financial institution may not win you the respect from your peers that a gold medal would (okay, they definitely won't), but they will win you tangible savings in a higher interest rate and fewer fees, actual money back, rewards like songs and apps on iTunes® or Amazon® or donations to your favorite charity.
Just how much are those Olympics medals really worth?
How can you put a price on winning a gold medal? As it turns out, you can. Considering their weight in metal alone, most of us wouldn't mind finding this kind of deposit into our savings account:
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One gold medal is worth $33,369.
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A silver medal is worth $817.
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Bronze medals are worth just under $5.
The total value of all the medals for this year's event is worth more than $25,000,000 for all 2,436 total medals being made and awarded. You can see a close-up of the designs on the official site of the 2020 Tokyo Olympics. That's a decent investment in our athletes.
By comparison, Kasasa checking account holders have earned over $406 million in rewards in the past 15 years. Yep, $406,000,000.00. Now that's an investment in our account holders!
That means if they so choose, Kasasa account holders could purchase over 12,000 gold medals with their savings. Well, not really since gold medalists aren't usually eager to sell their hard-earned winnings, but in theory at least, our account holders are big winners.
Kasasa Cash and Cash Back accounts are able to offer some of the best savings and rewards you'll find anywhere because they're designed to benefit both account holders and community banks and credit unions. A free online checking account that gives back to you, without regular fees, will put you on top of the medal stand.
Getting to the Olympics is hard, but saving with Kasasa is easy! Don't settle for the usual online checking account options that come with no rewards and little in savings, go for the gold with Kasasa.