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As banks spend longer paying almost no interest, more depositors will seek higher rates. Bank of America absolutely gets away with paying very little interest,
by amluto 4y ago
As banks spend longer paying almost no interest, more depositors will seek higher rates. Bank of America absolutely gets away with paying very little interest, but their average interest rate is surely increasing with increasing market interest rates.
- Retric 4y agoIn theory absolutely true, in practice it doesn’t seem to be the case. Which makes sense as BoA isn’t losing customers or capital starved.