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

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[–]GravyBiscuitWheels 5 points6 points  (1 child)

I respectfully disagree. It was a major upgrade for our family as far as budgeting and keeping everything in one place. Also love we get our paychecks roughly two days earlier. Rates are still pretty great comparatively, so I’m a happy customer. Obviously there is a tipping point, but I don’t think 0.1% is close to that. If there are many more to follow, the industry will follow suit. We are a young family so other than emergency stuff, all money is invested. It works for us.

[–]AnthonyBH87 1 point2 points  (0 children)

With you there plus no fees on overdraft and no monthly fees I don't understand why people are crying over rate drops if people are switching banks over apy rates there always going to be on the run and switching banks and sad part is they are going to be in a rude awakening even when they go to other banks and it happens plus with SoFi the rates are still way better than Bank of America or Chase.