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> normal savings accounts pay interest rate that protects from inflation Pray tell which banks are you banking with? > What high inflation does in some jobs,
by dnautics 5y ago
> normal savings accounts pay interest rate that protects from inflation
Pray tell which banks are you banking with?
> What high inflation does in some jobs, it allows employers not to lay off people by not increasing their wages
shorter: "Let's screw the labor class over so that their managers don't have to fire themselves."
> Money should not be good store of value in long term.
"it is important to encourage consumption at all cost in the long term"
- doubled112 5y agoIt's definitely not a bank in Canada. A TD High Interest bank account has a 0.050% interest rate after $5,000. Before that the interest rate is 0.000%. Don't worry, as long as you have $25,000 dollars in there, they'll waive the transaction fees every month ($5 per transaction). I might as well stick it under the mattress and pretend I don't have it at those rates.
- deleted 5y ago[deleted]