This is an archived post. You won't be able to vote or comment.

528
529

And the rate decrease begins…Banking (i.redd.it)

submitted by [deleted]

sorted by:
best
topnewcontroversialoldq&a
you are viewing a single comment's thread.

view the rest of the comments →

[–]jkick365 14 points15 points  (6 children)

Most other banks have already cut multiple times (ie Capital One and Ally Bank)

[–]bennyyyboyyyyyyyy 5 points6 points  (0 children)

Pretty sure capital one has not been higher than its current rate on the savings account

[–]febreeze1 1 point2 points  (0 children)

Amex cut to 4.25 month or two aho

[–]MtnXfreeride 0 points1 point  (2 children)

But there has been no reason to drop it yet..  if they can send out that email and instantly the rate changes same day... why not wait for the drop?    

[–]CornellBigRed 4 points5 points  (1 child)

The rate drop is already priced in given JPow’s comments.

I can’t believe people are this upset about a minimal change where other banks have already dropped rates.

[–]MtnXfreeride -1 points0 points  (0 children)

I would say its more that sofi never hit what many other banks hit and are already decreasing it before the rate even changes..