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Sure, the bank benefits, but with near zero interest rates on saving accounts (in the US at least) the wealth isn’t productive for you. You are actually losing
by cstejerean 9y ago
Sure, the bank benefits, but with near zero interest rates on saving accounts (in the US at least) the wealth isn’t productive for you. You are actually losing money to inflationso it’s not a good idea to keep all of your wealth in cash.