When Cash Isn’t Trash

At about 0.11%, the annual interest earned on an average bank savings account would be pathetic even if it were 1.10%. Since such an astounding tenfold rise in interest rates – or any increase visible without an electron microscope – is unlikely to happen in the foreseeable future, cash will continue to be the ‘Rodney Dangerfield’ of assets.

For those who don’t remember, Dangerfield is the beloved, rumpled comedian whose tagline was “I don’t get no respect.”