How to Protect Your Savings

How to protect your savings from monetary threats like devaluation. Why high yield savings accounts exist, and are they worth it.

Topics covered include:

• Why Lebanon defaulted on its national debt and announced it will devalue its currency by 57%.
• Why some depositors in Lebanon will probably lose some of their bank savings.
• What investors can do to protect themselves from currency devaluations.
• What are stablecoins and why are they useful.
• Why some online banks pay above-average interest rates on savings accounts.
• Why banks need to attract new deposits even though they create deposits when they make a loan.

Thanks to Mint Mobile and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.

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