RBC down to 0.75% | General financial discussion | Discussion forum

.75%?

You must be joking. That's an incredible spread on what they loan money out vs what they give to get money. wow.

I really hope we don't see a trend for sub-1% savings rates...

Mike

Craig said:

"High Interest Savings Accounts" have definitely lost their lustre, and this may be a good time to get back into the stock market anyway.

We have a little stock in Calgary oil&gas companies but I won't touch any other stocks right now. You have to ask yourself "Has the problem that caused this deep recession been fixed?" "Has it even gone away or has it make itself worse by easy low interest credit and pouring billions into the banks?"...

This is a "Return to Normal" spike before the big drop.

Mike