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US banks have proven (to themselves at least) that they can get away with sub-1% savings rates for long term, regardless of what the Fed rate is. The first one
by caseysoftware 7y ago
US banks have proven (to themselves at least) that they can get away with sub-1% savings rates for long term, regardless of what the Fed rate is.
The first one to do it will be a pariah (briefly) but the next 5 will be "just following the trend" - the question is who will be first?