Your savings account is making the bank rich. Not you.

The best savings rate in Australia right now?
4 to 5% annually.
Only if you meet every condition.

On $100k that's $4,000 to $5,000 a year.

Meanwhile real inflation groceries, fuel, rent, school fees
is running between 2.3 and 4.2%.

After inflation, your savings account is earning you
somewhere between zero and 1% in actual purchasing power.

Your money is going backwards.
Quietly. Every single day.

And while you think it's sitting there safely growing
the bank is lending it out at mortgage rates of 7% and higher.

They earn multiples of what they pay you.
On your money.
The profit stays with them.
You get the crumbs.
And we call it a savings account.

With love,
Jess 🌶

Видео Your savings account is making the bank rich. Not you. канала Jessica Sol