(“First we take Manhattan then Berlin”}
So you tie your money up for at least 12months and net a half percent if you are lucky!
On the other hand your deposit sits in a bank and you are wondering if one morning you wake up to find that the doors to the bank are locked! That’s all you need on top of all the uncertainty about your employment or your pension or is there going to be an outbreak of “mad economy” disease! How does the song go? “First we take Manhattan then Berlin” Well it’s now first Greece then Portugal and Spain and now look at Tunisia and Egypt!
We can take nothing for granted anymore.