Feb 222019
 

The difference between bank savings account rates at Online Banks versus Brick and Mortar Banks is rather dramatic.

However, it would appear that a tightening of the Interest Rate Spread is not the issue!

Meanwhile, the Federal Deposit Insurance Corp. said the new tax law drove double-digit profit growth at U.S. banks last year. Banks collectively notched record annual profits of $236.7 billion, up 44% from 2017.

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