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A comment on Why America will soon see a wave of bank mergers. Parent comment

Re:Why America will soon see a wave of bank mergers by Invictus0 on Tuesday May 02, 2023 @12:43PM (#35790322)
That's because high yield bank accounts are a phenomenon of the last 6 months and retail by and large hasn't got the message yet. 0.01 is not likely to last forever, and the TBTF banks are losing deposits.
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Re:Why America will soon see a wave of bank mergers by mint2 on Tuesday May 02, 2023 @12:53PM (#35790524)
Walked by a chase branch, they had some advertisement for a 4% cd.

So Apparently the big banks are starting to feel the account drain.

Also brokered cds from the likes of Wells Fargo and similar can be 5%.

Big banks definitely are starting to feel it

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Re:Why America will soon see a wave of bank mergers by kevinventullo on Tuesday May 02, 2023 @01:05PM (#35790765)
CD’s are not the same thing as demand deposit accounts. They’re less liquid than treasuries.
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Re:Why America will soon see a wave of bank mergers by bombcar on Tuesday May 02, 2023 @02:38PM (#35792210)
My credit onion is offering 3.1% on the savings act which is lower but isn't insane.
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Re:Why America will soon see a wave of bank mergers by Invictus0 on Tuesday May 02, 2023 @03:25PM (#35792830)
That's the problem, you need to open an account with a credit shallot instead.
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Re:Why America will soon see a wave of bank mergers by carlosjobim on Tuesday May 02, 2023 @05:22PM (#35794389)
High yield bank accounts was also something that suddenly appeared before the 2008 financial melt down. Now that they are appearing again I can be completely confident that we will see a huge economic depression. All man made of course - this could go away if it wasn't for the evil side of human nature.
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