Natalia wrote: > I suspect you would prefer to answer this yourself. I don't know...
> What I'm suggesting here is that one doesn't make much money off of > interest paid by banks today, and those who have little money are > basically paving the way for these institutions to create money on the > bank charges alone. Interest rates for giro accounts are low indeed, but even those with little money can usually afford some bonds over a few years, which still get around 4% here. > Just yesterday I heard of a retired Canadian couple who got back $1400 > in bank charges because in Canada no one over sixty is supposed to pay > regular banking fees. There must be something wrong with Canadian banks... Around here, a "small guys" bank charges about $50/year for a bond deposit and with the 4% even those with little money can reap over $1000. But of course the banks make big profits with the difference between giro interest rates and loan/housing interest rates, the latter being 10-20 times higher than the former... Chris ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SpamWall: Mail to this addy is deleted unread unless it contains the keyword "igve". _______________________________________________ Futurework mailing list Futurework@fes.uwaterloo.ca http://fes.uwaterloo.ca/mailman/listinfo/futurework
