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Thread: interest rates on basic savings accounts are now above the target run-rate of inflation

  1. #81

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    I won't ever keep my life's wealth in a bank, nor will I keep it all in a safe... diversify for all possible outcomes is my way of thinking
    One in a million...GNR ...sums it up nicely

  2. #82

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    Quote Originally Posted by sasksilver View Post
    I won't ever keep my life's wealth in a bank, nor will I keep it all in a safe... diversify for all possible outcomes is my way of thinking
    A sound philosophy Sasksilver. Nice catch on the 3.99% rate as part of the diversification.

  3. #83

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    Quote Originally Posted by sasksilver View Post
    Locking $30000 in a 5 year at local credit union at 3.99% per year, no risk, good enough for me
    Handcuffed for 5 yeears at no risk? G/tiki2+++

  4. #84

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    It's only 30 grand...just what I needed for rrsp this year. Or I can pay $10000 in taxes.
    One in a million...GNR ...sums it up nicely

  5. #85

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    Quote Originally Posted by sasksilver View Post
    It's only 30 grand...just what I needed for rrsp this year. Or I can pay $10000 in taxes.
    If one has the choice between risk and a definite loss, the choice is clear...

    G/tiki2+++

  6. #86

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    Quote Originally Posted by golditiki2 View Post
    If one has the choice between risk and a definite loss, the choice is clear...

    G/tiki2+++
    Yes and the risk is very very minimal. I am not a gambling personally so I am for the most part very conservative when it comes to investment.
    One in a million...GNR ...sums it up nicely

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