ext_53925 ([identity profile] kisai.livejournal.com) wrote in [personal profile] dolari 2009-02-21 03:21 am (UTC)

The interest rate in a bank though is like 0.1%, annually, you actually lose money by putting it in the bank because inflation is higher.

That said, butting it in the bank is still safer than buying a car or house on a loan. If you can buy a house outright, in a buyers market, do it.

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