Negative Savings Bank Interest Rates?
Are negative savings account interest rates on the horizon? As the banks struggle to make money on lending, could they start charging for deposits?
http://www.infowars.com/wells-fargo-to-b...
http://www.infowars.com/wells-fargo-to-b...
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- 1Posted by $ dherik 10 years, 3 months agoMore and more reason to embrace cryptocurrencies.| Mark as read | Best of... | Permalink
- 1Posted by ObjectiveAnalyst 10 years, 3 months agoBetter off converting your money into silver and buying a safe. If they charge you, many will just stash the cash under the mattress... that will only dry up more of what little capital there is. Very bad idea.| Mark as read | Best of... | Permalink
- 2Posted by cp256 10 years, 3 months agoDone and done :)| Mark as read | Parent | Best of... | Permalink
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- 1Posted by $ nickursis 10 years, 3 months agoThis is why Credit Unions are enjoying a renaissance. They are sourced differently and keep a much tighter rein on what they do. If WF sends me one of those, you bet I will finish my move to a CU.| Mark as read | Best of... | Permalink
- 1Posted by CircuitGuy 10 years, 3 months agoMy sense is the economy is on fire. Long term rates will rise followed by short-term rates. This is the end of rock-bottom rates, according to my crystal ball.| Mark as read | Best of... | Permalink
- 1Posted by richrobinson 10 years, 3 months agoI think this was a trial balloon floated by the FED. They were considering lowering interest rates to zero to stimulate the economy. Banks pay a fee on deposits for FDIC. That cost would have to be passed along. I am hoping that the FED does not go ahead with this.| Mark as read | Best of... | Permalink
