💰 “You’re interested in interest” — Banks’ yield problem. Tiffany’s NYC museum. Package’s econ prediction.
The Best One Yet
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The Importance of Interest Rates
From 2008 to 2021, interest rates were pretty much zero for those entire 14 years. Big banks hope that you just keep your money where it is and don't move anything. Disruptor banks with FDIC insurance are offering 4% or more on interest these days. At a 4% interest rate, every $1,000 of savings would earn $40 a year in interest.
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