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Effects of FDIC's Rate Caps on Healthy Banks?

Thursday, March 11, 2010 - 7:02 PM
When the FDIC announced its rate cap plans last year, it didn't seem that bad since the caps were intended only for less than well capitalized banks which make up a small percentage of the total banks. However, the Jumbo CD Investments blog describes how these rate caps are affecting the rates from healthy banks:
What is interesting that even healthy banks are deciding to follow the rate cap. I guess they figure if the FDIC thinks that is a “good” level they might as well fall in place.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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