Bank interest rates are so silly. First off, we know they make a lot of money off individual funds through international trades yet the dividends we receive can't even be seen in most cases.
I've actually never received anything on my money in my savings account. Over here, banks make outrageous deductions for absolutely no reason. Holding funds in a fiat account is even a loss. A lot of my friends here only hold fiat when they have immediate needs.
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I think only holding fiat short-term is the way to go for most. Well gone are the days of stuffing money under the mattress, as it is as good as burning it in the fireplace.
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I don't mind banks making money the good old fashioned capitalist way, but most banks these days make most of their money by getting money stolen from us (taxes) and funneled to them either in direct payments, or extremely low interest loans.