Interest Rates
September 17th, 2012
The dark side of low interest rates
MARTIN MITTELSTAEDT
The
Globe and Mail
Published Wednesday, Sep. 12 2012, 8:22 PM EDT
There is a cost to low interest rates. Just ask savers pondering
the merits of the Royal Bank’s so called “high interest” e-savings account, a
typical offering in Canada. The rate: 1.2 per cent. For U.S. dollar savings,
the return is positively microscopic, o ...