> What incentive is there now for banks to even try to entice people to deposit their money? Two things come to mind: - Banks can blast you in the ass with fe

> What incentive is there now for banks to even try to entice people to deposit their money? Two things come to mind: - Banks can blast you in the ass with fees, which they seem to love doing, so your (real) money becomes their (real) money by virtue of some 600-page long illegible contract - At some point, the Fed might increase this rate again, at which point I don't know what happens, but banks might have to start getting capital on-hand to meet the reserve. Maybe they want money in there just in case? I don't know the rules around "ok, the rate was 1% but now it's 10% so you banks better a) get the money immediately? b) get it in the next 10 years? c) ???"