Bank savings can deliver a negative real return when inflation outpaces deposit rates. Pushpendra Singh says 3% bank interest against 6% inflation leaves savers effectively losing 3% a year for the security of cash holdings.
published
Bank savings can deliver a negative real return when inflation outpaces deposit rates. Pushpendra Singh says 3% bank interest against 6% inflation leaves savers effectively losing 3% a year for the security of cash holdings.
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