Pip@feddit.org to Europe@feddit.orgEnglish · 2 months ago€37 trillion sitting idle: Why are Europeans afraid to invest?www.euronews.comexternal-linkmessage-square35linkfedilinkarrow-up154arrow-down17
arrow-up147arrow-down1external-link€37 trillion sitting idle: Why are Europeans afraid to invest?www.euronews.comPip@feddit.org to Europe@feddit.orgEnglish · 2 months agomessage-square35linkfedilink
minus-squarePip@feddit.orgOPlinkfedilinkEnglisharrow-up6arrow-down5·2 months agoThat’s not what happens with your savings at a bank, its just that you don’t make money from them.
minus-squareCaptObvious@literature.cafelinkfedilinkEnglisharrow-up5·2 months agoYou also don’t lose them when an investment goes south
minus-squareplyth@feddit.orgBanned from communitylinkfedilinkEnglisharrow-up1·2 months agoBut you lose them if the bank’s investment goes south, apart from a small specially secured part.
minus-squarejenesaisquoi@feddit.orglinkfedilinkEnglisharrow-up4·2 months agoIn Switzerland it’s 100k per person per bank. So Swiss people can have millions actually secure, if they put no more than 100k per bank.
minus-squareCaptObvious@literature.cafelinkfedilinkEnglisharrow-up2·2 months agoNot in the US. FDIC insures deposits up to $250k per person per bank.
minus-squaremagnetosphere@fedia.iolinkfedilinkarrow-up4·2 months agoIf your savings account pays 0% interest, consider switching banks.
That’s not what happens with your savings at a bank, its just that you don’t make money from them.
You also don’t lose them when an investment goes south
But you lose them if the bank’s investment goes south, apart from a small specially secured part.
In Switzerland it’s 100k per person per bank. So Swiss people can have millions actually secure, if they put no more than 100k per bank.
Not in the US. FDIC insures deposits up to $250k per person per bank.
If your savings account pays 0% interest, consider switching banks.