Saving In Denmark

For the past several years, most central banks have been engaged in currency wars in an effort to devalue that country's currency. The race to the bottom is an effort to increase exports and jump start domestic growth. Denmark is making an effort to avoid becoming the next victim of the currency wars. Recently, the country spent 100 billion kroner ($15 billion) in an attempt to weaken its currency. Now, Denmark has lowered its interest rate. You will pay .5 percent for deposits at the bank!