Episode 297
How to Protect Your Savings
Money For the Rest of Us · Money For the Rest of Us
May 6, 202027m 8s
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Show Notes
How to protect your savings from monetary threats like devaluation. Why high yield savings accounts exist, and are they worth it.
Topics covered include:
- Why Lebanon defaulted on its national debt and announced it will devalue its currency by 57%.
- Why some depositors in Lebanon will probably lose some of their bank savings.
- What investors can do to protect themselves from currency devaluations.
- What are stablecoins and why are they useful.
- Why some online banks pay above-average interest rates on savings accounts.
- Why banks need to attract new deposits even though they create deposits when they make a loan.
Thanks to Mint Mobile and Policygenius for sponsoring the episode.
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Topics
BUSINESSInvestingEconomicsInvesting PodcastEconomy