I don't think there is bottom in interest rates anytime soon... basically the rate would need to drop to -100% which is definitely in distant future...
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I don't think there is bottom in interest rates anytime soon... basically the rate would need to drop to -100% which is definitely in distant future...
I don't think we are near bottom either. I think we are just starting our next rate cutting cycle here in the US. The problem is that once you start these cycles it is very hard to ever come out of them. It's a drug that is very addictive.
As co-owner of two banks, I can understand completely... Here basically the rates are negative for big companies and non-owner individuals, but owners of bank have 0.01% rate.
I am sure they would love not to have to pay anything out to members. Members paying them sounds pretty nice.