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It's the same reason why you get paid more when you switch jobs rather than stay at your current employer. Loyalty doesn't pay.
by nine_zeros 4y ago
It's the same reason why you get paid more when you switch jobs rather than stay at your current employer.
Loyalty doesn't pay.
- euroderf 4y agoBut also, advantages that flow to a business are extremely sticky. The business won't budge those rates until they feel forced to - either by bad P.R., or by a customer exodus. And thus the advantage of all banks conspiring sub rosa to keep those rates low - they're still competitive if nobody else is budging either.