4 ms·
Why should the interest rate on a savings account match inflation at all? I don't see the correlation. With FED rates so low, it isn't even evident that they sh
by Anon1096 6y ago
Why should the interest rate on a savings account match inflation at all? I don't see the correlation. With FED rates so low, it isn't even evident that they should produce positive return, and I wouldn't be surprised to one day see negative return savings accounts.
- CarbyAu 6y agoWhile I have a vague intuition from an economic point of view you are correct,(I am not a finance guy) I take issue with the name of the product. Savings. Generally advertised as helping your money grow. It isn't advertised as a "Slow draining of value" account.