Rob MooreRob Moore · Empowering you to Make, Manage & Multiply More Money | Entrepreneur/Investor for 20 years | 20 Money/Business books | Host of the ‘Moore Money’ show

Big Banks Secret Interest Rate Scam

Name: Big Banks Secret Interest Rate Scam
Uploaded: 2025-02-09T18:32:17+00:00
Duration: 26 s
Channel: Rob Moore
Description: In this excerpt from his YouTube video, Rob Moore argues that big banks profit by offering savers interest rates far below the true rate of inflation. He…

9 Feb 2025 · 0 min

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In this excerpt from his YouTube video, Rob Moore argues that big banks profit by offering savers interest rates far below the true rate of inflation. He claims that while banks like Barclays pay around 1.6% on deposits, inflation has been over 5%—even as high as 30% since the COVID‑19 lockdown—despite official figures suggesting it is under 3%. Moore contends that to preserve purchasing power, individuals must earn at least a 5% real return each year. He recommends two paths: creating a business that can generate more than 5% annual growth and profit, or allocating capital to assets with historically proven value such as gold, silver, or real estate.

That's how the banks make money out of you. If you put your money in the bank, why are interest rates 5% but Barclays will only give you 1.6% in interest? And why is inflation really over 5%? Because it's been 30% since lockdown, but they're telling you it's less than 3%. You've got to really make 5% a year on your money to beat inflation. So either start a company and make more than 5% a year extra growth and profit, or invest in gold or silver or real estate— things that have been proven over 1,000 years.