ChatterBank2 mins ago
Negative Interest Rates A Good Idea ?
5 Answers
It is certainly an interesting idea put forward by Tucker (Could turn out to be an unfortunate name if he gets it wrong too!)
But would it work? Without doubt the Banks would pass on fees and pay minimal rates to savers.
Already those that save are penalized by the system (not just the Banks) on many fronts. This would be the final nail in my opinion and just reinforces the fact that being feckless is the best option in this country now, saving is pointless.
But would it work? Without doubt the Banks would pass on fees and pay minimal rates to savers.
Already those that save are penalized by the system (not just the Banks) on many fronts. This would be the final nail in my opinion and just reinforces the fact that being feckless is the best option in this country now, saving is pointless.
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No best answer has yet been selected by youngmafbog. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Ha ! No one would bother to save with the institutions. It'd be cheaper to put your cash under the mattress. Maybe the aim is to get folk spending instead, but if no one saves, no one invests, how keen will banks be just to lend from their own coffers for no profit ? If one wishes to hire money one should pay a decent rate for the privilege, and we haven't seen a decent rate for many years.
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