4 ms·

Citation needed. In 2007 a 1 year cd was paying about half of that. Savings account rates have not kept up with inflation in my adult life time and I'm middle

• incompatible 10y ago
  I was in the UK at the time: http://swanlowpark.co.uk/savings-interest-annual.jsp http://swanlowpark.co.uk/savings-interest-annual.jsp, but I'm sure I got better rates by shopping around.
• jamie_ca 10y ago
  Gotta go back further than that. ING Direct (Canada) peaked at 5% on a savings account in mid 2000, and was above 4% from when they opened up in '97 to April '01. https://www.tangerine.ca/en/rates/historical-rates/index.html https://www.tangerine.ca/en/rates/historical-rates/index.htm... 3.5% in 2007 matches your bank's 1 year CD pretty well. It's now under 1% since mid 2015, but my RRSP account is up 40% since September... go figure.
• icedchai 10y ago
  I remember having a savings account at Emigrant Direct that was paying somewhere around 5%, back in 2006 or so. See https://www.fatwallet.com/forums/finance/579954 https://www.fatwallet.com/forums/finance/579954
• ajdlinux 10y ago
  I'm in Australia, back before the GFC a high-interest bank savings account would pay ~6%, inflation was ~3%...