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Interest rates are basically zero all over the world. Its not a banking issue thats an economic issue. As others point out, checks don't really exist outside t
by justincormack 8y ago
Interest rates are basically zero all over the world. Its not a banking issue thats an economic issue.
As others point out, checks don't really exist outside the US, but electronic money transfers are usually mandated to be free. Most countries are starting to have some sort of mandated "basic banking" to allow anyone to have and use a bank account as a replacement for cash.
- Karupan 8y ago> Interest rates are basically zero all over the world Interest rates for savings account in India is usually 4% p.a. It’s higher for term deposits.
- lowkeyokay 8y agoIs that real (adjusted for inflation rate) or nominal?
- tcgv 8y agoGovernment bonds in Brazil are paying an interest rate of 6.5% per year, which is considered very low by Brazilian standards. Inflation for the past 12 months has been below 3%.