Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Re:Joint Statement by the Department of the Treasury, Federa... by everybodyknows on Sunday March 12, 2023 @09:42PM (#35129588)

Big banks are still offering sub-1% rates:

Compare that to a money market fund from a stock broker at 4.5%:

The question is, how quickly do simple folks figure out they're being slowly bled, and start moving their cash to some place where it's appreciated?

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