3 ms·
Top of market interest rates are a signal that the bank needs capital (yours). Be careful with more than $250k in any one regional bank right now.
by hn8305823 3y ago
Top of market interest rates are a signal that the bank needs capital (yours).
Be careful with more than $250k in any one regional bank right now.
- keeganjw 3y agoThis seems like a fair assessment. Especially for all these tiny banks that are absolutely not too big to fail.
- bombcar 3y agoThat's a good rule of thumb for anyone (but if you have a quarter million in cash equivalents you're probably a business or super-wealthy). I wonder if anyone has done a correlation study with bank failures vs CD/HYSA rates. The ones I know of that "everyone" flowed into have survived.
- userabchn 3y agoKaupthing [1] was offering very attractive interest rates in 2007. [1] https://en.wikipedia.org/wiki/Kaupthing_Bank https://en.wikipedia.org/wiki/Kaupthing_Bank