Long years of low interest rates have frustrated consumers accustomed to earning money from their savings accounts, which now earn less than 1% at most banks. Many savers felt hopeful when the Fed raised the short-term interest rate in December and hoped that they would also benefit. But now negative interest rates, instituted in Europe and Japan, are having the opposite effect — depositors in those countries have to pay banks to keep their money. Maybe it’s time to revisit the mattress as the safest place to keep that extra cash.
Beware! Negative Interest Rates May Be Coming
March 11, 2016
2016 | Bankruptcy | Issues | Past Issues