Savings Interest Rates Takes Another Plunge!!! | Simplii Financial | Discussion forum

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Savings Interest Rates Takes Another Plunge!!!
December 3, 2008
12:57 pm
puppy1785
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Hey, just a little fyi, I checked pcfinancial today and the higher interest rates savings account fell to 2.75% today!

December 4, 2008
10:36 pm
CF77
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Do U believe there is a credit crunch?? People could not borrow money while interest rate keep going down with plenty of of cash in the bank.

May be time to pull money out and invest into safe markets.

December 16, 2008
5:40 pm
puppy1785
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Yes, I pulled most of the money out, not for further investing though. I really hope the recession doesn't continue, other stuff (besides high savings) is going badly too and money's harder to come by.

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