You'd be surprised how broken/misallocated the consumer deposit market is. Because of current market conditions, it is costing the large banks money to hold yo

You'd be surprised how broken/misallocated the consumer deposit market is. Because of current market conditions, it is costing the large banks money to hold your money. There is excess deposits beyond what they are able/want to lend out. Some banks are actively trying to shed deposits by charging fees and other methods [1]. For large depositors, some of these banks are actually charging the customers to hold their money [2] On the other hand, smaller commercial lending banks are having a hard time attracting deposits. [1] https://www.pwc.com/us/en/financial-services/publications/viewpoints/assets/fs-viewpoint-driving-deposit-value-in-excess-liquidity.pdf https://www.pwc.com/us/en/financial-services/publications/vi... [2] http://www.wsj.com/articles/big-banks-to-americas-companies-we-dont-want-your-cash-1445161083 http://www.wsj.com/articles/big-banks-to-americas-companies-...