That has zero to do with it. Interest rates around the globe are much lower than they were in the past (to the point of trillions in negative interest bonds whe

That has zero to do with it. Interest rates around the globe are much lower than they were in the past (to the point of trillions in negative interest bonds where if you hold to term you're guaranteed to not get back your investment!). There is currently too much cash in the world without good places to put it, hence plunging yields. The short version: your bank doesn't pay much interest because they have no great higher yielding places to put your deposits to work. http://www.cnbc.com/2016/06/29/there-are-now-117-trillion-dollars-worth-of-bonds-with-negative-yields.html http://www.cnbc.com/2016/06/29/there-are-now-117-trillion-do...