3 ms·
Has there ever been a time and place where interest on savings accounts was above inflation? I rather doubt it.
by brazzy 12y ago
Has there ever been a time and place where interest on savings accounts was above inflation? I rather doubt it.
- rodgerd 12y agoMy savings account currently runs about 2% above inflation.
- pjc50 12y agoMost of the time? http://www.economicshelp.org/blog/1485/interest-rates/historical-real-interest-rate/ http://www.economicshelp.org/blog/1485/interest-rates/histor...
- onethree 12y agoAustralia right now? inflation 2.3% [1] my interest rate : 4.02% [2] [1]: http://www.rba.gov.au http://www.rba.gov.au [2]: https://www.ubank.com.au https://www.ubank.com.au
- lmm 12y agoIt's entirely normal for interest on savings accounts to be above RPI/CPI inflation. Whether "inflation" is the proper term for those price changes is an uninteresting argument, but it's very ordinary for the basket-of-goods purchasing power of your savings in ten years time to be more than it is now (my (UK) savings account does that, and it's by no means unusual in this regard).