Posts Tagged ‘pays’

“An investment in knowledge pays the best interest.” -Benjamin Franklin

Pay Interest

Posted: May 31, 2016 in Money Matters
Tags: , ,

“Your mattress pays no interest.” -Steve Sjuggerud

Sweden, Denmark, and Switzerland all have negative interest rates.  Negative interest rates mean the lender literally pays the borrower for the privilege of lending him money. It’s a bizarre, upside-down concept.  But negative rates are not some European anomaly.  The Federal Reserve discussed the possibility of using negative interest rates in the U.S. at its last meeting.  When you deposit money in a bank, you are lending money to the bank.  However, with negative rates, you don’t earn interest.  Instead, you pay the bank.” -Nick Giambruno