Remember when bank deposits collected interest rates that exceeded the rate of honestly-measured inflation? Neither do I.

by
Sharing is Caring!

A long time ago in the 1980s, banks gave high interest rates for savings due to high government interest rates. I believe I got 8% while federal rates were 13%. Today. Banks give 1% or less while federal rates are over 5.25%.

See also  Is this how the end looks like? Interest payments > Military budget
We are primarily funded by readers. Please subscribe and donate to support us!
See also  Who is going to keep deposits in the banks earning .15% a year, when they can park those funds in short-duration T-Bills & make 6%?

h/t Simian_Stacker

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.