Oh yeah it's nutty. My kids all had about 100 dollars in their piggy banks, and my family was telling me I should open a bank account for each of them, and I was like why? Most banks now charge a FEE to have your money if you have under a certain amount...like to the tune of 1k-5k. The fee is like $35 a month.
WUT.
Gone are the days a child can happily skip to the bank and deposit their first $20 in hopes of saving more and making a tiny bit of interest. That money would be gone by the first month with these ridiculous fees.
I asked them if they wanted to invest in crypto and they said yes. Now each of them has their own crypto portfolio, and since investing, they have gained 30% on their initial investments. Can't do that in a bank yo!
RE: In A World Of Negative Interest Rates Time Has No Value