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Savings accounts are effectively giving you -8% right now
by redisman 4y ago
Savings accounts are effectively giving you -8% right now
- JumpCrisscross 4y ago> Savings accounts are effectively giving you -8% right now Savings accounts have always been of dubious value for preserving or accruing value.
- ghaff 4y agoI don't know the last time I had money in a savings account. Probably decades. Even when interest rates were higher I remember savings account interest was pretty paltry.
- mupuff1234 4y agoIn US purchase power. USD has been increasing against major foreign currencies in the last few months so there is some upside if you're planning on spending outside the US. (For example, USD is 12% up against the euro in the last year and 20% vs the yen)