here’s the catch: if the banking crisis is behind us, rates should creep back up, further eroding the value of bank collateral, and further calling into question their liquidity and possibly solvency
it’s a trap lol
cibc, one of canada’s big five banks, is pulling some really egregious shit with their interest rates. they advertise (up to) 5% but anyone with under 25k in savings is looking at .4% after the bonus interest ends (4 months).
it’s a wonderful thing slipping into the global feed, seeing some totally bizarre shit i want nothing to do with, and then retreating to my 100% personally curated home feed. no algorithm selling ads gonna ruin my day!