Sunday, May 17, 2009

Banks are safe, but miserly

The guy with the wheelbarrow full of cash has a point: the banks, which fall under the Government's deposit guarantee scheme, are safe places in which to put your money. But the downside to safety is that, at present, you won't get more than about 4 per cent interest on your deposit, compared with about 8 per cent a year ago.

The above cartoon is from the Manawatu Standard of May 15, 2009.

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