2  BIS Review 75/2007  Let me clarify this by asking two basic questions, which were also put to a large group of American workers: •  Suppose you have € in a savings account and the interest rate is 2 percent per year.
After five years, how much do you think that you would have in the account if you left the money to grow: more than, less than, or exactly €  •  Now imagine that the interest rate on your savings account is 1 percent per year and inflation 2 percent per year.