• Best Saving Accounts
  • Best Managed Accounts
  • Best IRA Accounts
  • Best Forex Brokers
  • Best Forex Robots
  • Best Stock Brokers
  • Best Crypto Platforms
No Result
View All Result
MFA
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
  • Personal Finance
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
  • Personal Finance
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News
No Result
View All Result
MyFinAssets
No Result
View All Result
Home News

Why Higher Interest Rates Are Unlikely to Translate to Higher Gains for Deposits

February 10, 2022
in News
0
A A
0
Why Higher Interest Rates Are Unlikely to Translate to Higher Gains for Deposits

The anticipated increase in interest rates will not necessarily reflect higher gains for depositors, WSJ reported.

Banks do not have a lot of motive to increase the interest paid on deposits as they do not need the money, with total deposits in the United States’ commercial bank up to $18.1 trillion from $13.3 trillion in 2020.

Analysts believe that banks will first need to see higher borrowing activity for them to increase deposit rates, but they have continued to record low demand due to the COVID-19 pandemic.

ADVERTISEMENT

Deposit rates could see an increase should deposit clients move their assets into higher-yielding investment classes, with the Federal Reserve set to increase rates starting March.

Average US savings account rates stood at 0.06% in 2021, while high-yield savings accounts offered 1.5% or higher before rates reached near zero in 2020. This is now down to 0.5%.

Bank officials in January said rates on savings accounts are unlikely to move in line with the Fed increases.

TweetShareShare
Previous Post

Cryptocurrencies to Pave Way for Future Generation of Billionaires

Next Post

Best 5 Play-to-Earn Crypto Game Projects

Related Posts

Bank of America Hikes US Minimum Wage to $22

Bank of America Hikes US Minimum Wage to $22

May 23, 2022
Sumitomo Mitsui Trust Partners With Bitbank for Digital Asset Firm

Sumitomo Mitsui Trust Partners With Bitbank for Digital Asset Firm

May 23, 2022
Applied Materials Shares Slip 4% on Q2 Earnings Miss, Weak Chip Sector Outlook

Applied Materials Shares Slip 4% on Q2 Earnings Miss, Weak Chip Sector Outlook

May 20, 2022
Next Post
Best 5 Play-to-Earn Crypto Game Projects

Best 5 Play-to-Earn Crypto Game Projects

The Reaper Forex Robot

The Reaper Forex Robot Review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Top Performing Trading Systems

Forex Cyborg 80%
Automic Trader 75%
DynaScalp 70%
Happy Forex 65%

Popular

  • Inverse Bitcoin ETF – A Simple Way to Short Bitcoin

    Inverse Bitcoin ETF – A Simple Way to Short Bitcoin

    0 shares
    Share 0 Tweet 0
  • Top 5 Best Ways On How To Invest $20000

    0 shares
    Share 0 Tweet 0
  • Best Nuclear Energy ETFs

    0 shares
    Share 0 Tweet 0

Follow our Twitter

INVESTING

  • Bonds Investing
  • Crypto Trading
  • Forex Trading
  • Mutual Funds
  • ETFs Investing
  • Real Estate Investing
  • Stock Trading

RETIREMENT

  • 401(k)
  • IRA
  • Retirement Planning
  • Retirement Calculator

REVIEWS

  • Online Brokers
  • Robo Advisors
  • Signal Providers

MONEY MANAGEMENT

  • Banking
  • Financial Advisors
  • Money Market Accounts
  • Savings Accounts

PASSIVE INCOME

  • Automated Trading
  • Managed Accounts
  • Passive Income Apps

Are you looking for the best investment plan?

Let our financial advisors help you

Contact Us

PERSONAL FINANCE

  • Financial Independence
  • Saving Money
  • Paying Off Debt
  • Make More Money
  • Best Saving Accounts
  • Best Managed Accounts
  • Best IRA Accounts
  • Best Forex Brokers
  • Best Forex Robots
  • Best Stock Brokers
  • Best Crypto Platforms
  • Home
  • Blog
  • Privacy Policy
  • Disclaimer
  • Contact Us

© 2022, Myfinassets

No Result
View All Result
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
  • Personal Finance
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News

© 2022, Myfinassets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In