frigidx
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You just earned my interest!! Can I sleep over? |
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Joseph J
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This isn't a serious question, is it? Interest is only given for the use of money by investors. If you put it in your mattress, it isn't being used by anyone -- so there's no interest. Over some time, you actually lose money on a relative scale, because there's inflation, and because even a bank would pay some small amount of interest. |
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stepup1895
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minus 5%...that's right.
Due to inflation. |
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NYC_Since_the_90s
|
0% (if you got negative, that $100 would be less than $100 when you took it out. It WILL be worth less in today's money, but it STILL will be $100) |
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laura s
 |
0% |
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Terry
 |
It will devalue at the rate of inflation. You'll lose around 2 or 3% of your money every year. |
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MLS99
|
A negative one, because of inflation. Minus the inflation rate. |
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D S
 |
#1 make sure that you do not have rats that could eat up your money.
#2 make sure that you put all of your paper money in a fireproof container
#3 I will give you free therapy sessions, because only an uneducated person would do something that stupid. |
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pooterilgatto
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You should learn to trust a Bank to give you some interest on your money, When you open an account with them. Under a mattress in no place to keep you money, someone may find it and keep it, or in case of fire you may loose the money and the mattress. |
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Answerer
|
However much you want to add for yourself, calling it interest. |
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Nemesis
|
Enough to open a lay-buy? |
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seblexie
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It would be a loss; it becomes worth less as the cost of living increases. Putting it under your mattress is very chancy I would never have that much trust that there would be no fire. Imagine if it were all gone in a few minutes. A CD is a sure place to invest; it brings in more interest than a savings account; there are higher rates but not as reliable. |
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Atrixo
|
You are not losing interest. You are losing your Yahoo points by asking such a stupid question.
Save your points for a better use.
Never put too much money at home, because it is an invitation for the home invaders. |
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