Prior to the banking crisis that began in 2008 bank failures had been a rare occurrence with only 32 banking failures between 2000 to 2007. During 2008 the wheels began to fall off the financial system and bank failures increased dramatically as loan defaults soared. As the banking crisis worsened bank failures reached a peak […]
Archives for March 2015
Yes – It Is Still Possible to Get High Interest Rates on Your Savings
March 4, 2015 By Leave a Comment
In 2007 it would have been inconceivable for anyone to imagine that savers would receive virtually zero percent return on their money. The entire concept of wealth creation is built not only upon savings but upon the magic of compound interest whereby your money works for you by earning more money. It wasn’t that long […]