BruceK
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Official interest rates in Australia have been stuck at 2% for some time, it`s unclear where they will go, my guess is that`s bottom, maybe not. But, how does the zero interest rate in the USA work?
If you have $ in a bank a/c do you really get no interest? If you pay account keeping fees are you paying the bank to hold your money? At what approximate rate (s) do banks lend (I appreciate it will vary with the type of loan, security, etc). What effect has the removal of bank savings interest had on savings, and chasing other forms of investment, risky or otherwise?
If you have $ in a bank a/c do you really get no interest? If you pay account keeping fees are you paying the bank to hold your money? At what approximate rate (s) do banks lend (I appreciate it will vary with the type of loan, security, etc). What effect has the removal of bank savings interest had on savings, and chasing other forms of investment, risky or otherwise?