i assume you mean on bank accounts
so basically, if you get little to no interest, the idea is that you’ll spend your money because keeping it in the bank doesn’t give you very good interest.
increasing the interest rates encourages people to save their money in various bank accounts or invest it.
however, i kinda do the opposite . when i see that the interest rates have tanked, i keep as much money in the bank as possible. sure it’s not a lot of interest, but i need to make sure that i have enough money to live on. when the interest rates go up, i spend my money more, because i know that even though i have less money in the bank, it’s still getting a good interest rate
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