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A comment on Banks are slow to increase rates on savings accounts, but quick to reduce them. Parent comment

Re:Banks are slow to increase rates on savings accounts, but... by tssva on Saturday July 25, 2020 @09:02AM (#23948867)
The article isn't about loan interest rates but the interest rate banks offer on deposits.
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Re:Banks are slow to increase rates on savings accounts, but... by cm2187 on Saturday July 25, 2020 @09:36AM (#23949066)
Where do you think the bank gets the money for paying interest on deposits from?
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Re:Banks are slow to increase rates on savings accounts, but... by dsr_ on Saturday July 25, 2020 @12:30PM (#23950436)
They have sofas in their lobby, and they look under the cushions.

I just checked. US Bank's basic savings account offer 0.01% APY and costs $4/month.

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