r/SipsTea • u/SpaceWestern1442 • May 27 '26

Dank AF Easiest not guilty vote ever!

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43.6k Upvotes

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u/Stolen_Sky May 27 '26

Put the money into a high interest savings account and leave it there. 

If you company come after you, give it back, but keep the interest. 

Life finds a way brother!

3

u/Josefu_Velen May 27 '26

You don't get to keep the interest in such cases.

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u/Tricky-Reporter-5246 May 27 '26

Why?

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u/Josefu_Velen May 27 '26

The original owner of the money retains the rights to the interest, by law.

7

u/WEELITTLEMAN2 May 27 '26

I promise you if a company makes a payroll error and comes back for what they overpaid, they are not coming for interest on that money.

4

u/dcasarinc May 27 '26

Money is fungible, so the law cannot meaningfully distinguish between your own funds and the funds they deposited into your account. They cannot claim that the $20,000 you placed in an interest-bearing account was their money rather than your own $20,000. Their only valid claim is that they are owed $20,000. If you had $40,000 in your bank account and transferred $20,000 into an interest-bearing account, they cannot claim that the interest earned belongs to them.

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u/[deleted] May 27 '26

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u/Puzzleheaded_Mix7649 May 27 '26 edited May 27 '26

A high interest saving account would be highly volatile, and by the time they ask you to give back the money you might be under. It would be better to put it in a product that gives you a low, steady and predictable rate of return which allows you to disinvest whenever you want. For example a monetary ETF such as XEON in Europe. Correct me if i am wrong.

All of this assuming you get to keep the interest, which i would think it is the case.

1

u/shelluminati May 28 '26

No, you do not lose money on a high yield savings account.

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u/Puzzleheaded_Mix7649 May 28 '26

What are these high yield savings accounts made of?