Thank you to The Great Courses Plus for supporting PBS. To learn more and to start your trial, visit http://ow.ly/jG9B30rzWjF SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds SUBSCRIBE to Two Cents! https://goo.gl/jQ857H Once upon a time, savings accounts were a decent investment option, but today they rarely keep up with inflation... what happened? sources: https://www.nerdwallet.com/article/banking/checking/history-of-bank-accounts https://www.bankrate.com/banking/cds/historical-cd-interest-rates/ https://www.moneyunder30.com/how-banks-make-money https://www.moneyunder30.com/peer-to-peer-lending-sites-for-borrowers-and-investors https://www.infoplease.com/business/economy/money-market-interest-rates-and-mortgage-rates-1980 Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC® Directors: Katie Graham & Andrew Matthews Written by: Philip Olson, CFP® and Julia Lorenz-Olson, AFC® Executive Producer: Amanda Fox Produced by: Katie Graham Edited & Animated by: Sara Roma Images by: Shutterstock Music by: APM