“At 4.15% your money will double in 16.9 years”
And prices will double in about 10 years.
It is US government policy to make interest rate based saving a losing proposition.
Yes but 4.15% is better than 0.1% (one tenth of 1%) that banks were paying until a few months ago-some are still paying 1% on CDs etc. One of our “safe” retirement accounts (short term treasuries) was paying $.10 per month, now it is paying $15.00 per month on the same principal.
No wise investor leaves their assets in cash, except for some liquid emergency funds.
With our inflation, a huge losing proposition........