2006-12-31 11:38:15 · 14 answers · asked by ? 4 in Business & Finance ➔ Personal Finance
You just earned my interest!! Can I sleep over?
2006-12-31 11:41:24 · answer #1 · answered by frigidx 4 · 1⤊ 0⤋
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.
2006-12-31 12:02:16 · answer #2 · answered by seblexie 3 · 0⤊ 0⤋
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.
2006-12-31 13:12:37 · answer #3 · answered by Joseph J 2 · 1⤊ 0⤋
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.
2007-01-01 00:45:44 · answer #4 · answered by pooterilgatto 7 · 0⤊ 0⤋
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.
2006-12-31 12:19:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It will devalue at the rate of inflation. You'll lose around 2 or 3% of your money every year.
2006-12-31 13:30:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I think credit card rates of 21% are unconscionable. Don't they know everyone is entitled to a 50" flat screen HDTV?
2016-05-23 01:27:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋
A negative one, because of inflation. Minus the inflation rate.
2006-12-31 11:40:21 · answer #8 · answered by MLS99 2 · 0⤊ 0⤋
#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.
2006-12-31 12:31:00 · answer #9 · answered by D S 4 · 0⤊ 0⤋
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)
2006-12-31 11:53:08 · answer #10 · answered by NYC_Since_the_90s 6 · 0⤊ 0⤋