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re: For folks that are old enough to remember the high inflation of 70s-80s
Posted on 6/20/22 at 8:49 am to Mingo Was His NameO
Posted on 6/20/22 at 8:49 am to Mingo Was His NameO
quote:
All while now, as the mortgage rates are quickly climbing towards 8%+ and "high yield" savings accounts are like 1.25%
As long as banks have surplus cash CD rates will suffer. Everyone needs to bury half their cash in the backyard, and the other half in their mattress, that may help.
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