Dusty Devil Dale Posted August 15, 2022 Share Posted August 15, 2022 Is there a banker out there who can explain why bank savings or checking account interest has temained at rock bottom, as the Fed has raised the Prime Rate? Just curious. Banks are charging higher rates now to lend my saved money, but not passing any of it along. Is there a reasonable explanation? I guess when people start closing accounts and pulling their money out to invest elsewhere, then the banks will have to compete. Sad that it has to work that way. Link to comment Share on other sites More sharing options...
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