Topic: Negative interest rates means cash is better than banks - page 2. (Read 925 times)
Well, my mattress is having 0% interest rate. My bank is offering me 5% up to 2000 GBP and 1.5% up to 15000 GBP (I live in UK). That's still far from being negative, mate.
I'm surprised not to read anything about this, but with all that euro-craziness with negative interest rates, it means that putting your money in the bank equals shrinking your savings. So it's better to hide some cash under the mattress.
I wonder if the negatives interest rates could be linked to the fight against large banknotes like the €500 bill.
I wonder if the negatives interest rates could be linked to the fight against large banknotes like the €500 bill.
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