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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 bryanlarsen on Saturday July 25, 2020 @09:08AM (#23948904)
But when the price drops back down you don't immediately drop your price because why would you charge $1.10 for something you paid $2 for?

But your competitor will lower their prices when they get a refill, so you may end up having to lower your prices before you get your own refill.

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Re:Banks are slow to increase rates on savings accounts, but... by leetrout on Saturday July 25, 2020 @09:16AM (#23948954)
Yep, correct.
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