What Happens to Interest Rates During Deflation CC0/Quincemedia/Pixabay In an ideal world, we would all notice a way to brand our coin that is sitting in our banks work for us rather than, well, just sit there. Ane of the ways we can do that is by placing our coin in accounts that offering a decent Annual Percent Yield (APY), also known as interest. The average savings account is 0.06% which, needless to say, isn't very high. Some of the best interest rates in banks or financial institutions hover around the 1% mark, which is still not a huge per centum but does make a significant difference when broken down. Take, for instance, $ten,000 in an account that offers 1% APY. Over the form of the twelvemonth, it volition earn $100 for you rather than only $1 if it was only at 0.01% APY. Here are a few different ideas to assistance your money offset making money. Certificates of Eolith One idea is to inve
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