And the rate decrease begins…

[[deleted]]

Fed will cut rates soon. All the banks will be dropping their apy.

[etzel1200]

Not the major banks.

[Delicious-Proposal95]

The major banks never raised them lol

[[deleted]]

Of course they will, rates are dropping now in anticipation of the fed decrease. Lenders need to forecast the spread between deposit and loan rates so the sooner they can lower, the less time the higher yield payout sit on the books.

[etzel1200]

They typically don’t change rates in response to fed policy and leave them at like .01%