Sorelle Amore: Bank interest is a lie. Or at least, banks leading people to believe they're actually earning money on their savings isn't true at all. And I'm going to share why with you in this video.
You might have noticed that your bank offers you an interest rate on your savings, with the narrative that they're paying you a percentage of that every year you hold your money with them. The truth is, you're actually losing several percent on your deposits each year. Not earning.
This all has to do with inflation, and how most of the time, bank interest doesn't even come close to being higher than inflation. But I'll give you some solutions on how you can actually earn more per year than inflation.
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