Post
Topic
Board Economics
Re: Banks Won't Make You Rich
by
JRoa
on 10/05/2018, 17:34:27 UTC
This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.  Lips sealed Banks are just for keep your money safe!  Tongue

As far as I know, the interest that you will get if you will save your money on banks is 0.50% to 0.75% and I can say that it is too low. If you will make investment here in the cryptocurrency world, I am sure that you can easily grow your investment.