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A comment on European Central Bank to withdraw €500 note. Parent comment

Re:European Central Bank to withdraw €500 note by loeg on Wednesday May 04, 2016 @03:26PM (#11630992)
NetSpend (US) promotional rate is 5% annually. Capped at $5000, but that's certainly above inflation for that balance.

Various banks and credit unions (US) have promotional (capped) 2% rates. (Above inflation.) Ally bank (US, online) has a ~1% rate, which is sometimes above inflation (uncapped).

More info: https://www.nerdwallet.com/blog/banking/nerdwallets-top-high...

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Re:European Central Bank to withdraw €500 note by toomuchtodo on Wednesday May 04, 2016 @03:30PM (#11631017)
If you're capping it at a dollar amount, its a marketing promotion/cost, not a true market interest rate.
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Re:European Central Bank to withdraw €500 note by loeg on Wednesday May 04, 2016 @03:53PM (#11631205)
Ally and others linked at nerdwallet are not capped.
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Re:European Central Bank to withdraw €500 note by toomuchtodo on Wednesday May 04, 2016 @03:57PM (#11631241)
Right, but as I point out below, you're not getting ahead making 0.1% above inflation. You're barely tracking it if it increases (and with rents and healthcare costs spiking/not properly tracked in inflation, I'd say you're most assuredly not staying ahead of inflation).
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Re:European Central Bank to withdraw €500 note by loeg on Wednesday May 04, 2016 @04:45PM (#11631611)
Yeah, but you didn't ask to "get ahead." Just:

> Show me a savings account in a developed country earning above inflation interest.

Anyway, 0.1% above inflation still beats 0% cash-under-mattress (in inflationary environments).

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