[Dan]

I’ve been studying present and future value. The problems keep listing situations where you deposit money in an 8-12% interest yielding account, or you deposit X sum into a fund and it will grow to pay for your college. Do such accounts exist in the real world or am I being naive? I have money saved up and whenever I read these problems, I tend to think there must be a better way save money other than a bank savings account that yields only .0001%!

[Anonymous]

I believe back in like the early 2000's you could probably find rates around 8% but that market is far gone. Just remember the higher the deposit interest rates, the higher the lending interest rates. Imagine a 12-15% mortgage….

[mw798]

I remember back in 2006 I had an online savings account that had a 6% interest rate. And back in the 1980s/early1990s, you could find savings accounts with over 10% rates.

However, I don't expect us to get back to even 5% savings accounts in the next 10 years with all the QE that's needed to support our economy now. A prime example of where the US is headed is Japan which has had near zero or zero percent interest rates for the past 20 years and will continue to have zero percent/near zero percent rates for at least the next decade .

[Author]

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