Savings would be a good thing, but I don't think the banks care to pretend they want to encourage savings any more ... au contraire. The 5% interest passbook sa

Savings would be a good thing, but I don't think the banks care to pretend they want to encourage savings any more ... au contraire. The 5% interest passbook savings rate - which the Depression/lWW2 generation enjoyed - "encouraged" savings ... until it got stripped away after the S&L bailout and was never replaced. So the "good thing" would have to come from Congress. Good luck with that.