by Justin Spittler
Your bank could soon “tax” your savings.
It sounds like a sick joke. After all, the money in our savings accounts is supposed to earn interest, not get eaten away by it. At least, that’s how things used to work.
These days, most savings accounts pay virtually nothing. And now, some banks are starting to charge people who keep money with them.
Dispatch readers know we’re talking about the latest radical government policy: negative interest rates.