Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Who's afraid of rising interest rates? Banks! [CNNMoney]

Monday, January 25, 2010 - 7:17 AM
Here's an intersting excerpt from this CNNMoney article
The reason a swift and sharp increase in interest rates could be troubling, according to experts, is because banks have gotten used to paying low rates for deposits and charging significantly higher rates for loans.
As we've seen mentioned before, these low rates have transferred money from savers to the banks.
1
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,633
Reply