Janet Yellen and 'negative interest rates': America, this is the last nail in a saver's coffin | Fox News
This sounds like an ominous trend...already happening in parts of Europe.
Essentially you pay the bank as they 'hold' your money.
This sounds like an ominous trend...already happening in parts of Europe.
Essentially you pay the bank as they 'hold' your money.
But the major concern I have is that all these financial schemes come at the expense of Main Street. Negative interest rates may start out just affecting certain bank deposits at the Federal Reserve. But eventually banks will pass on their costs to depositors…which means negative interest rates for average folks. So unless you invest in the stock market, or take all your money and stuff it in your mattress, you’ll be paying a bank to hold your cash.