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Clueless here. What’s the point of a negative interest savings account? It seems about as good keeping cash under the mattress and burning some at the end of th
by fmakunbound 5y ago
Clueless here. What’s the point of a negative interest savings account? It seems about as good keeping cash under the mattress and burning some at the end of the year.
- coolspot 5y agoMatress is not as safe as a bank. Under current economic policy, banks basically don’t want your money. They have plenty of money they can’t get return on. Processing your dirty cash, maintainibg secure ATMs and servers is not worth it. They can borrow money from central banks at 0% or negative (return back less than borrowed) with less trouble.
- deleted 5y ago[deleted]