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Money For the Rest of Us

How to Protect Your Savings

27 min • 6 maj 2020

How to protect your savings from monetary threats like devaluation. Why high yield savings accounts exist, and are they worth it.

Topics covered include:

  • Why Lebanon defaulted on its national debt and announced it will devalue its currency by 57%.
  • Why some depositors in Lebanon will probably lose some of their bank savings.
  • What investors can do to protect themselves from currency devaluations.
  • What are stablecoins and why are they useful.
  • Why some online banks pay above-average interest rates on savings accounts.
  • Why banks need to attract new deposits even though they create deposits when they make a loan.


Thanks to Mint Mobile and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.


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