He noted that returns on bank online accounts were lower than inflation, with December quarterly inflation at 2.5 per cent compared to the average 1.75 per cent returns on online savings accounts.
Aussies with savings in their accounts have been warned to consider moving their money following a stunning bank change.
Your money is depreciating and FIAT is dead.
Warning for saversWhere are the crypto kings? Impart on us your knowledge, ohh doyen of investment.
UncleDoug 0 points 2 months ago
It IS your money the banks want, they are making money trading your money on securities.
But now they are so greedy with fees and every nation is so impact with debt and inflation to control devaluation of finance, that your return is lower than the cost.
Here is $1, it will cost you $1.20 is the simplest analogy.