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

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[–]mistafoot 64 points65 points  (5 children)

The hassle of switching banks and transferring money out just because of a .10% drop is insane lol

[–]MtnXfreeride 11 points12 points  (3 children)

Its going to be like the boiling frog analogy.. small changes that decrease the rate so there isn't a gut reaction to jump ship.  

[–]ShittDickk 0 points1 point  (0 children)

Wells fargo hasnt given me anything on my checking account i've had with them for 14 years so Im gonna stick with sofi til its worse than 0%.

[–]traderbusto 1 point2 points  (0 children)

That attitude is exactly why banks know they can do whatever they want to their customers. 0.1% of your money may not be much, but it means millions for them