Yes.Everyone always likes to bring this up. Have money in the bank? Are they Paying you intrest? Do they charge you a fee to have the account?
If you answered no to question 1, you're providing the bank an interest free loan. If you answer yes to question 2, you're actually paying them to hold your money. Negative interest.
Most banks don't pay interest unless you have a decent chunk of change in there.
Yes.
No.
And the bank does not demand I give them money, refuse to tell me exactly how much, and penalize me if I guess incorrectly.
My tax return goal is always zero. You do you.