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by teruakohatu
1884 days ago
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> Americans putting their money into savings accounts and into the stock market. What do savings accounts pay in the USA? We are getting much less than inflation here in New Zealand. A regular savings account might get 0.25% at best, and just 0.90% pa return for a 3 year term deposit (which is an investment not a savings account but short term term deposits are commonly used as pseudo savings accounts in NZ). As for putting money into the stock market, surely that money needs to be spent eventually or moved into bonds, so couldn't the government just stop selling bonds to force spending? |
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Right now, the best ones are at about 0.5% APY, maybe just a tiny bit higher. 3 year CDs are about 0.8% or so.