Even though U.S. interest rates are the highest they've been in years and inflation is soaring, don't expect banks like Chase, Citi and Wells Fargo to increase what they pay on customers' savings accounts. Banks today have more cash than they know what to do with and some are actually trying to get customers to take their savings dollars elsewhere. I'll explore why that is and explain some alternatives that savvy investors are using.
0:00 Banking isn’t like the old days anymore
0:32 Bank savings rates haven’t moved
1:20 Why Banks aren’t likely going to raise savings rates soon
1:55 The future of bank savings rates
3:14 What some investors are doing about low interest rates
I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.
#InterestRates #Investing #DionRabouin
Why Are Bank Savings Interest Rates So Low?
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