I have accounts in 2 local banks and both of them are offering 4% or better interest on savings accounts without even going into CD's. Yesterday I learned that Apple and Amex are also offering interest on savings accounts. Likewise, I think lot of banks must be taking similar steps to attract customers to get more monies in their banks.
All the banks will slowly have to increase the amount the offer customers for deposits. The question everyone is asking is by how much. No one knows how much.
I have accounts in 2 local banks and both of them are offering 4% or better interest on savings accounts without even going into CD's. Yesterday I learned that Apple and Amex are also offering interest on savings accounts. Likewise, I think lot of banks must be taking similar steps to attract customers to get more monies in their banks.
All the banks will slowly have to increase the amount the offer customers for deposits. The question everyone is asking is by how much. No one knows how much.