While 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. Gene

While 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.