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> if you offer customers yields below fed funds rate (~5%), the money on the spread is risk free. Absolutely insane how my local bank's money market account in
by Blackthorn 4y ago
> if you offer customers yields below fed funds rate (~5%), the money on the spread is risk free.
Absolutely insane how my local bank's money market account interest rate is something like 1.4%. Their CDs only hit 3%. Like come the fuck on. Ended up moving most of my money out of there.