I hate to be the bringer of bad news this Friday, but banking interest rates will not be returning to normal. This is especially bad news for those of you that have been saving through the pandemic!
In today’s segment of “Money Minute,” we take a step back in time to look at interest rates in the Roman Empire, to the spending habits of citizens in the United Kingdom during the black death in the 13th century.
The message today is simple. Keeping your savings under the mattress will earn a higher return than cash in the bank!