Big banks are still offering sub-1% rates: https://www.usbank.com/bank-accounts/... | Hacker News

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		everybodyknows on March 13, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... Big banks are still offering sub-1% rates: https://www.usbank.com/bank-accounts/savings-accounts/elite-... Compare that to a money market fund from a stock broker at 4.5%: https://www.schwab.com/money-market-funds 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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