Quote from: Ekaros on March 26, 2013, 12:40:05 PM

Quote from: bubblesort on March 26, 2013, 12:37:09 PM

Quote from: rpietila on March 26, 2013, 12:12:49 PM

Conclusion: What I did is just a precaution. The bank does not pay me anything for keeping my money. I lose nothing if I take it out. I will spend it in my business in approx. 3-4 weeks even if nothing happens. If everyone did the same, there would be same hell here as in Cyprus.

Are you saying that banks don't pay interest in Finland or that the interest is at or below the rate of inflation so the interest doesn't stop the real value of your savings from decreasing?

I think for regular people it's around 0.250% for spending accounts. That is under 2k I think. Not sure how much under euribor it is probably around 0.750% for larger savings on regular accounts.

Of course you have saving accounts with better interest, but then also can't use at any time.

The euribor is ranging from .12% to .55% depending on the maturity. I could theoretically borrow money at about 1% interest for house, but the banks are not so keen on having me as a customer (how come?)

Ppl get 0.25% for spending/saving acct. Businesses get 0% + fees. The way to increase the marketed yield is to demand a multi-year contract with 50% of the money invested in the bank's mutual fund. They can siphon off enough to be able to offer about 1.55% for the account part this way. The reason why I believe the risk for crash has increased, is that insurance against it costs nothing, AND if people go for it, it is causing the very crash they are trying to insure themselves from.

Price inflation is approx. 3.5%-5.5% measured over 10 years (food and energy, that is, the things they usually exclude Cheesy

)