you would do that if rates fell sharply below 4.5 after the one year. Then you would be glad to have "locked in" guaranteed 4.5. Also inflation would have to fall well below that for the return to be appetizing.
In other words: only theoretically, not happening in practice. Only banks who are forced by law to do it, do it.
you would do that if rates fell sharply below 4.5 after the one year. Then you would be glad to have "locked in" guaranteed 4.5. Also inflation would have to fall well below that for the return to be appetizing.
In other words: only theoretically, not happening in practice. Only banks who are forced by law to do it, do it.