3 ms·

At what point does my savings account at my bank make money?

• bullen 4y ago
  In Sweden we got 0.75% since a week back on the closest thing to a state bank (SBAB) since the Riksgalden was closed a few years back.
• rybosworld 4y ago
  That could take a long time. Banks are only going to raise the rates when they want/need more deposits. Right now the excess reserves are near all time highs. So banks already have more liquidity than they know what to do with.
  • skrbjc 4y ago
    And with rising interest rates, more and more will be priced out of the housing market, meaning lending will fall, which is one of the biggest reasons banks need cash in the first place.
• thfuran 4y ago
  As soon as you use it to buy I bonds.