Big banks are still offering sub-1% rates: https://www.usbank.com/bank-accounts/savings-accounts/elite-money-market.html https://www.usbank.com/bank-accounts/s

Big banks are still offering sub-1% rates: https://www.usbank.com/bank-accounts/savings-accounts/elite-money-market.html https://www.usbank.com/bank-accounts/savings-accounts/elite-... Compare that to a money market fund from a stock broker at 4.5%: https://www.schwab.com/money-market-funds https://www.schwab.com/money-market-funds The question is, how quickly do simple folks figure out they're being slowly bled, and start moving their cash to some place where it's appreciated?