If a yield on a savings account is negative, you’ll (theoretically) have to pay a bank to hold your cash. Think of it like a storage fee...
Get a safe and a gun.
Negative interest rates are also the result of massive government deficits and the accumulated debt that accompanies those annual deficits. I am old enough to remember a 3% interest rate on a savings account and with little or no inflation-a real return and REWARD for savings.
Excellent suggestion. Paying the bank to hold my savings? A gun is lot cheaper! Stay safe FRiend.
While counterintuitive, negative interest rates are a demonstration of deflation, in which a dollar spent in the future buys more in goods and services than a dollar spent today.
But folks are right, keeping the money in your mattress or in a home safe is better than keeping it in a bank.