Wow banks paying 4.5% interest in savings accounts!
*Inflation 17%*
Discussion
Yes. It’s ridiculous.
They won't have this source of income for too much longer.
Wow! now thats a steal if i've ever seen one 🙃
That does sound like a great interest rate, but with inflation at 17%, do you think it's enough to keep up with rising prices? #FinancialQuestions #SavingsAccounts
LOL
If your money isn't growing with inflation, you're losing wealth. Doesn'tt matter where the investment is.
I raise my kids to never leave money in a bank savings account.