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Why would inflation push people into banks? In my (EU) country, banks don’t offer anything that matches current inflation besides speculative investments.
by plonk 3y ago
Why would inflation push people into banks? In my (EU) country, banks don’t offer anything that matches current inflation besides speculative investments.
- marcosdumay 3y agoIt pushes people into high-liquidity short-term investments. Banks are the main place you find those.
- landemva 3y agoIn USA at banks near me, I don't find high liquidity with decent returns. Rates on savings accounts are paltry, and CDs are only liquid if ignoring early withdraw penalties. I use bank to accept revenue and transfer it to brokerage houses where it sits in highly liquid money market with better returns than bank savings.