Most key savings and term deposit rates are below the inflation rates, eroding savers’ purchasing power
Standard savings accounts returns at major banks drop to around 0.1pc once introductory rates expire after a couple of months
Looking for better returns for savings means taking on higher risk
How to rip off peoples savings 101. What the government wants you to see a boom for you to follow in a world of debt. They want your money and you to spend spend spend until you can’t anymore.
- Cut interest rates to record low margins and drive people with savings into the stock market spend and watch it boom.
- Wait for the correction and then watch people suffer.Fake booms real busts losers and winners neither the realm of the elderly whose money is managed by others and only want to reach end of days without worry.
- Self Managed Savings advice it’s safer under the bed than with sharks. (ODT)
Australian shares are near record highs while interest rates are near record lows
Analysts say the disconnect between the two usually means that one market will be “spectacularly wrong”
However, analysts also the Australian share market is not heavily overvalued