Reply to post: Re: nowt wrong with cash

Most of the world still dependent on cash

Charles 9 Silver badge

Re: nowt wrong with cash

Those negative interest rates typically only apply to savings accounts (checking accounts are frequently non-interest or at best tiny-interest) so as to discourage hoarding, plus banks always need an incentive for people to put money in with them so they can lend it out, so that puts competitive pressure on the banks to keep a positive savings rate.

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